Canary Capital’s XRP ETF May Launch This Week Following SEC Filing
- Canary Capital has filed an application for an XRP ETF with the U.S. Securities and Exchange Commission, potentially listing on Nasdaq this week.
- The Rex-Osprey XRP fund, launched last month, now manages over $138 million in assets.
- XRP’s price is currently at $2.40, a decrease of over 30% from its July all-time high of $3.65.
- The SEC is reviewing more than 90 applications for funds based on single cryptocurrencies and combinations thereof.
Canary Capital’s proposed altcoin ETF aims to provide investors with another option to gain exposure to XRP, following the successful launch of the Rex-Osprey fund last month. The regulatory filing indicates that the fund could begin trading as early as this week.
With strong investor interest in crypto assets beyond Bitcoin and Ethereum, the Canary XRP ETF may attract significant inflows similar to other recent altcoin-focused ETFs. (Source)
