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Canary Capital Files Form S-1 for Spot XRP ETF with SEC

Oct 8, 2024, 08:54 PM

Canary Capital has officially filed a Form S-1 with the U.S. Securities and Exchange Commission (SEC) for a spot XRP Exchange-Traded Fund (ETF). This marks the second filing for an XRP ETF, following Bitwise's earlier submission. Canary Capital, a new crypto investment firm launched by Valkyrie Funds founder Steven McClurg, aims to capitalize on the growing interest in cryptocurrency investments. The filing is seen as a positive step towards a more progressive regulatory environment.