<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
According to ETF analyst Eric Balchunas, Canary Capital, a Nashville-based firm launched by alternative asset manager Valkyrie, has <a href="https://x.com/EricBalchunas/status/1843756827970023538" rel="noopener noreferrer nofollow">jumped</a> into the XRP ETF race with its own filing.
The firm wants to tap into the growing demand for alternative cryptocurrencies with the newly proposed product. It also told Fox Business that it was seeing some signs of a more favorable regulatory environment. &nbsp;
Earlier this month, Bitwise, the leading crypto index fund manager, caused a stir by announcing the very first XRP ETF filing.&nbsp;
It came shortly before Ripple, the company associated with the XRP cryptocurrency, was slapped with an appeal by the U.S. Securities and Exchange Commission. &nbsp; &nbsp; &nbsp;
The SEC is yet to reveal what exactly it is going to appeal. However, the prolonged legal battle will most likely complicate the approval process.&nbsp;
As reported by U.Today, Ripple CEO Brad Garlinghouse has confidently predicted that an XRP ETF will be eventually launched, adding that such a scenario is "inevitable." &nbsp; &nbsp;&nbsp;

XRP ETF Race Picks Up Steam Up with Yet Another Filing

U_Today

Other articles published on Oct 9, 2024

Japan's Largest Telco NTT Digital Joins Injective as the Latest Validator

South Actor Chaitanya X Account Hacked, promotes Bitcoin Scam

China Contemplates Quantum Leap: Potential QE Sparks Market Speculation

South Korea tightens stablecoin regulations with new forex rules

Coinbase Enhances Bitcoin Transactions with Taproot Support

Binance Announces Delisting of 4 Altcoin Trading Pairs

Join our free newsletter for daily crypto updates!