SEC Company Response from Canary XRP ETF (XRPC) — Nov 7, 2025
Canary XRP ETF
Date: Nov. 7, 2025 · CIK: 0002039505 · Accession: 0001999371-25-017200
AI Filing Summary & Sentiment
Reasoning
File numbers found in text: 333-282545
Referenced dates: September 18, 2025
Letter
Via EDGAR Correspondence United States Securities and Exchange Commission Division of Corporation Finance Office of Crypto Assets 100 F Street, N.E. Washington, D.C. 20549 Canary XRP ETF File No. 333-282545
Re:
Dear Mr. Sundwall, Mr. Niethamer, Ms. Bednarowski and Ms. Berkheimer:
This letter further responds to the comments contained in your letter dated September 18, 2025 regarding Amendment No. 1 to the registration statement filed on Form S-1 for the Canary XRP ETF (the "Trust" ) with the Securities and Exchange Commission (the "Commission" ) on August 22, 2025 (the "Registration Statement" ). Capitalized terms used herein, but not otherwise defined, have the meanings ascribed to them in the Registration Statement.
Comment 21 – Plan of Distribution - Authorized Participants, page 76
Please revise to identify your Authorized Participants, disclose the material terms of your Authorized Participant Agreements and include the agreements or form of an agreement as exhibit(s) to your Registration Statement.
Response to Comment 21
The Trust confirms that Trust's prospectus will include the identities of all Authorized Participants who have entered into an Authorized Participant Agreements and a description of the material terms. A form of Authorized Participant Agreement has been filed with the Registration Statement.
******* *
November 7, 2025
Page 2
Please call me at (312) 845-3484 or my colleague James Audette at (312) 845-3421 if you have any questions or issues you would like to discuss regarding these matters.
Sincerely yours,
Chapman
and Cutler llp
Show Raw Text
CORRESP 1 filename1.htm Chapman and Cutler LLP 320 South Canal Street, 27th Floor Chicago, Illinois 60606 November 7, 2025 Via EDGAR Correspondence United States Securities and Exchange Commission Division of Corporation Finance Office of Crypto Assets 100 F Street, N.E. Washington, D.C. 20549 Re: Canary XRP ETF File No. 333-282545 Dear Mr. Sundwall, Mr. Niethamer, Ms. Bednarowski and Ms. Berkheimer: This letter further responds to the comments contained in your letter dated September 18, 2025 regarding Amendment No. 1 to the registration statement filed on Form S-1 for the Canary XRP ETF (the "Trust" ) with the Securities and Exchange Commission (the "Commission" ) on August 22, 2025 (the "Registration Statement" ). Capitalized terms used herein, but not otherwise defined, have the meanings ascribed to them in the Registration Statement. Comment 21 – Plan of Distribution - Authorized Participants, page 76 Please revise to identify your Authorized Participants, disclose the material terms of your Authorized Participant Agreements and include the agreements or form of an agreement as exhibit(s) to your Registration Statement. Response to Comment 21 The Trust confirms that Trust's prospectus will include the identities of all Authorized Participants who have entered into an Authorized Participant Agreements and a description of the material terms. A form of Authorized Participant Agreement has been filed with the Registration Statement. ******* * November 7, 2025 Page 2 Please call me at (312) 845-3484 or my colleague James Audette at (312) 845-3421 if you have any questions or issues you would like to discuss regarding these matters. Sincerely yours, Chapman and Cutler llp By: /s/ Morrison C. Warren Morrison C. Warren cc: James Audette, Esq., Chapman and Cutler LLP