SEC's official announcements or press releases

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

Oct 8, 2024, 09:04 PM

Canary Capital has officially filed an S-1 form with the U.S. Securities and Exchange Commission (SEC) to launch a spot exchange-traded fund (ETF) focused on XRP, the seventh-largest digital token. This filing marks the second such application, following a similar move by Bitwise. Canary Capital, a new crypto investment firm founded by Valkyrie Funds' Steven McClurg, aims to capitalize on the growing interest and more progressive regulatory environment surrounding digital assets. The ETF is expected to bring increased liquidity and institutional interest to XRP, further solidifying its position in the cryptocurrency market. The filing was made under the Securities Act of 1933.