The post Canary Capital pushes XRP ETF forward with updated SEC filing appeared on BitcoinEthereumNews.com. Canary Capital Group has filed a revised S-1 form with the U.S. SEC for its proposed Canary XRP ETF. This move is viewed as another major milestone for Ripple’s native coin, making it to the mainstream in U.S. markets.  According to the filing, the ETF is structured as a Delaware statutory trust and aims to directly track the price of XRP using the CoinDesk XRP CCIXber 60m New York Rate as its benchmark. Unlike futures-based products, the fund will hold XRP directly, with custody services managed by a designated trust company. If approved, shares will trade on the Cboe BZX Exchange, allowing investors to gain exposure to XRP through traditional brokerage accounts without needing to manage wallets or interact with crypto exchanges. The Canary Capital ETF filing is intended to provide easier access to XRP and more transparency than the derivatives-based ETFs. Its design is similar to spot Bitcoin ETFs already out there, but centered around Ripple’s token instead. Canary Capital advances despite SEC delays Towering over previous SEC delays, Canary Capital has moved ahead with its plans, becoming one of an increasing list of past issuers who are speculating investor interest in a crypto-backed exchange-traded product.  The filing also lists some of the main risks, including the fact that the trust is not subject to registration under the Investment Company Act of 1940, so investors won’t get the same shield as mutual fund shareholders. Additionally, exchange shutdowns or custody breaches could expose investors to significant losses. That said, sentiment around XRP has improved after a U.S. appeals court threw out parts of the SEC’s lawsuit against Ripple, which has emboldened confidence in the token’s regulatory outlook.  SEC’s final decision to shape XRP’s path into regulated ETFs On related developments, asset managers Grayscale, Bitwise, Canary, CoinShares, Franklin, 21Shares, and WisdomTree… The post Canary Capital pushes XRP ETF forward with updated SEC filing appeared on BitcoinEthereumNews.com. Canary Capital Group has filed a revised S-1 form with the U.S. SEC for its proposed Canary XRP ETF. This move is viewed as another major milestone for Ripple’s native coin, making it to the mainstream in U.S. markets.  According to the filing, the ETF is structured as a Delaware statutory trust and aims to directly track the price of XRP using the CoinDesk XRP CCIXber 60m New York Rate as its benchmark. Unlike futures-based products, the fund will hold XRP directly, with custody services managed by a designated trust company. If approved, shares will trade on the Cboe BZX Exchange, allowing investors to gain exposure to XRP through traditional brokerage accounts without needing to manage wallets or interact with crypto exchanges. The Canary Capital ETF filing is intended to provide easier access to XRP and more transparency than the derivatives-based ETFs. Its design is similar to spot Bitcoin ETFs already out there, but centered around Ripple’s token instead. Canary Capital advances despite SEC delays Towering over previous SEC delays, Canary Capital has moved ahead with its plans, becoming one of an increasing list of past issuers who are speculating investor interest in a crypto-backed exchange-traded product.  The filing also lists some of the main risks, including the fact that the trust is not subject to registration under the Investment Company Act of 1940, so investors won’t get the same shield as mutual fund shareholders. Additionally, exchange shutdowns or custody breaches could expose investors to significant losses. That said, sentiment around XRP has improved after a U.S. appeals court threw out parts of the SEC’s lawsuit against Ripple, which has emboldened confidence in the token’s regulatory outlook.  SEC’s final decision to shape XRP’s path into regulated ETFs On related developments, asset managers Grayscale, Bitwise, Canary, CoinShares, Franklin, 21Shares, and WisdomTree…

Canary Capital pushes XRP ETF forward with updated SEC filing

Canary Capital Group has filed a revised S-1 form with the U.S. SEC for its proposed Canary XRP ETF. This move is viewed as another major milestone for Ripple’s native coin, making it to the mainstream in U.S. markets. 

According to the filing, the ETF is structured as a Delaware statutory trust and aims to directly track the price of XRP using the CoinDesk XRP CCIXber 60m New York Rate as its benchmark. Unlike futures-based products, the fund will hold XRP directly, with custody services managed by a designated trust company. If approved, shares will trade on the Cboe BZX Exchange, allowing investors to gain exposure to XRP through traditional brokerage accounts without needing to manage wallets or interact with crypto exchanges.

The Canary Capital ETF filing is intended to provide easier access to XRP and more transparency than the derivatives-based ETFs. Its design is similar to spot Bitcoin ETFs already out there, but centered around Ripple’s token instead.

Canary Capital advances despite SEC delays

Towering over previous SEC delays, Canary Capital has moved ahead with its plans, becoming one of an increasing list of past issuers who are speculating investor interest in a crypto-backed exchange-traded product. 

The filing also lists some of the main risks, including the fact that the trust is not subject to registration under the Investment Company Act of 1940, so investors won’t get the same shield as mutual fund shareholders. Additionally, exchange shutdowns or custody breaches could expose investors to significant losses.

That said, sentiment around XRP has improved after a U.S. appeals court threw out parts of the SEC’s lawsuit against Ripple, which has emboldened confidence in the token’s regulatory outlook. 

SEC’s final decision to shape XRP’s path into regulated ETFs

On related developments, asset managers Grayscale, Bitwise, Canary, CoinShares, Franklin, 21Shares, and WisdomTree also filed amendments for their proposed spot exchange-traded funds, signaling that they are eager to get the SEC’s approval to list.

Several analysts see this step as a sign that asset managers are responding to feedback from the regulatory agency. The SEC has yet to approve a spot XRP ETF, though both spot and futures-based funds have been proposed.

“[The filings were] almost certainly due to feedback from the SEC,” Bloomberg ETF analyst James Seyffart wrote on X. “Good sign, but also mostly expected.”

The amendments filings seem to alter the structure of some of the funds to allow for XRP or cash creations and cash or in-kind redemptions, instead of simply cash creations and redemptions.

While BlackRock operates the world’s largest spot Bitcoin and Ethereum ETFs, the asset manager has not sought approval for an XRP product. Earlier this month, BlackRock said it has no current plans to launch an XRP fund.

The final response by the SEC will decide if XRP stands to be one of the digital assets that can be offered through regulated ETFs. During Friday’s market-wide rally, XRP climbed 7%, trading at $3.08.

XRP, which has often reacted sharply to developments in its ongoing case with the SEC, rallied strongly once the news broke. Its upswing also aligned with the broader market rebound after U.S. Federal Reserve Chair Jerome Powell signaled potential interest rate cuts.

Even so, XRP has gained over 10% from its multi-week low of just under $2.80 earlier today and is now trading near $3.o5.

Don’t just read crypto news. Understand it. Subscribe to our newsletter. It’s free.

Source: https://www.cryptopolitan.com/canary-capital-updates-xrp-etf-filing/

Market Opportunity
Threshold Logo
Threshold Price(T)
$0.009876
$0.009876$0.009876
-3.05%
USD
Threshold (T) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Crypto News: Donald Trump-Aligned Fed Governor To Speed Up Fed Rate Cuts?

Crypto News: Donald Trump-Aligned Fed Governor To Speed Up Fed Rate Cuts?

The post Crypto News: Donald Trump-Aligned Fed Governor To Speed Up Fed Rate Cuts? appeared on BitcoinEthereumNews.com. In recent crypto news, Stephen Miran swore in as the latest Federal Reserve governor on September 16, 2025, slipping into the board’s last open spot right before the Federal Open Market Committee kicks off its two-day rate discussion. Traders are betting heavily on a 25-basis-point trim, which would bring the federal funds rate down to 4.00%-4.25%, based on CME FedWatch Tool figures from September 15, 2025. Miran, who’s been Trump’s top economic advisor and a supporter of his trade ideas, joins a seven-member board where just three governors come from Democratic picks, according to the Fed’s records updated that same day. Crypto News: Miran’s Background and Quick Path to Confirmation The Senate greenlit Miran on September 15, 2025, with a tight 48-47 vote, following his nomination on September 2, 2025, as per a recent crypto news update. His stint runs only until January 31, 2026, stepping in for Adriana D. Kugler, who stepped down in August 2025 for reasons not made public. Miran earned his economics Ph.D. from Harvard and worked at the Treasury back in Trump’s first go-around. Afterward, he moved to Hudson Bay Capital Management as an economist, then looped back to the White House in December 2024 to head the Council of Economic Advisers. There, he helped craft Trump’s “reciprocal tariffs” approach, aimed at fixing trade gaps with China and the EU. He wouldn’t quit his White House gig, which irked Senator Elizabeth Warren at the September 7, 2025, confirmation hearings. That limited time frame means Miran gets to cast a vote straight away at the FOMC session starting September 16, 2025. The full board now features Chair Jerome H. Powell (Trump pick, term ends 2026), Vice Chair Philip N. Jefferson (Biden, to 2036), and folks like Lisa D. Cook (Biden, to 2028) and Michael S. Barr…
Share
BitcoinEthereumNews2025/09/18 03:14
What John Harbaugh And Mike Tomlin’s Departures Mean For NFL Coaching

What John Harbaugh And Mike Tomlin’s Departures Mean For NFL Coaching

The post What John Harbaugh And Mike Tomlin’s Departures Mean For NFL Coaching appeared on BitcoinEthereumNews.com. Baltimore Ravens head coach John Harbaugh (L
Share
BitcoinEthereumNews2026/01/15 10:56
Twitter founder's "weekend experiment": Bitchat encryption software becomes a "communication Noah's Ark"

Twitter founder's "weekend experiment": Bitchat encryption software becomes a "communication Noah's Ark"

Author: Nancy, PANews In the crypto world, both assets and technologies are gradually taking center stage with greater practical significance. In the past few months
Share
PANews2026/01/15 11:00