Canary

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<ul class="wp-block-list news-points">
 <li>Canary Capital plans to launch its inaugural ETF, the Canary XRP ETF.</li>
 <li>The firm’s move comes just a week after Bitwise filed for an ETF tracking XRP.</li>
 <li>Brad Garlinghouse is overwhelmed by the Wall Street giants’ efforts to launch XRP ETFs.</li>
</ul>
Canary Capital and Bitwise, two prominent investment firms, have <a href="https://www.bloomberg.com/news/articles/2024-10-08/wall-street-races-to-launch-latest-cohort-of-crypto-spot-etfs?utm_medium=social&amp;utm_content=crypto&amp;utm_source=twitter&amp;utm_campaign=socialflow-organic" target="_blank" rel="noopener noreferrer nofollow">filed applications</a> with the SEC to launch XRP ETFs. This move signals growing interest in XRP investments from both institutional and retail investors. Canary Capital, founded by former Valkyrie Funds co-founder Steven McClurg, submitted its paperwork just a week after Bitwise filed a similar application.
Both firms cited a more progressive regulatory environment and increasing investor demand as motivations for their filings.&nbsp;
Canary Capital, founded by former Valkyrie Funds co-founder Steven McClurg, filed its application on Tuesday, just a week after Bitwise took similar action. Canary Capital stated that the move was motivated by “signs of a more progressive regulatory environment and growing demand from investors.”
<a href="https://coinedition.com/bitcoin-etf-investors-flee-242m-outflow-as-middle-east-tensions-rise/" rel="noopener noreferrer nofollow">Read also: Bitcoin ETF Investors Flee: $242M Outflow as Middle East Tensions Rise</a>
The proposed Canary XRP ETF would track XRP’s valu…
The post <a href="https://coinedition.com/xrp-etfs-canary-capital-and-bitwise-apply-for-sec-approval/" rel="noopener noreferrer nofollow">XRP ETFs: Canary Capital and Bitwise Apply for SEC Approval</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

XRP ETFs: Canary Capital and Bitwise Apply for SEC Approval

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