CandleFocus Canary Capital files for XRP ETF with SEC filing
2024-10-08
Author: Content Editor
Canary Capital has filed for an XRP ETF, following a similar move by Bitwise. The ETF will allow investors to gain exposure to XRP without directly purchasing it. The fund will track XRP's value using the CME CF Ripple, making it accessible through traditional financial markets. The filing highlights the confidence in the evolving crypto market beyond Bitcoin and Ethereum. However, regulatory uncertainty, including the SEC challenging a court ruling regarding XRP's classification, is likely to delay approval for an XRP ETF until 2025 or later.
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