Canary Capital has officially filed an S-1 with the U.S. Securities and Exchange Commission (SEC) for a spot XRP Exchange-Traded Fund (ETF). This marks the second such filing, following Bitwise's earlier submission. Canary Capital, a new cryptocurrency investment firm founded by Valkyrie Funds' Steven McClurg, aims to capitalize on a more progressive regulatory environment and the growing interest in cryptocurrency investments. The filing is a general form for the registration of securities under the Securities Act of 1933.
