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/

Piyasa Fırsatı
Threshold Logosu
Threshold Fiyatı(T)
$0.009414
$0.009414$0.009414
+1.07%
USD
Threshold (T) Canlı Fiyat Grafiği
Sorumluluk Reddi: Bu sitede yeniden yayınlanan makaleler, halka açık platformlardan alınmıştır ve yalnızca bilgilendirme amaçlıdır. MEXC'nin görüşlerini yansıtmayabilir. Tüm hakları telif sahiplerine aittir. Herhangi bir içeriğin üçüncü taraf haklarını ihlal ettiğini düşünüyorsanız, kaldırılması için lütfen [email protected] ile iletişime geçin. MEXC, içeriğin doğruluğu, eksiksizliği veya güncelliği konusunda hiçbir garanti vermez ve sağlanan bilgilere dayalı olarak alınan herhangi bir eylemden sorumlu değildir. İçerik, finansal, yasal veya diğer profesyonel tavsiye niteliğinde değildir ve MEXC tarafından bir tavsiye veya onay olarak değerlendirilmemelidir.

Ayrıca Şunları da Beğenebilirsiniz

XMR Technical Analysis Jan 22

XMR Technical Analysis Jan 22

The post XMR Technical Analysis Jan 22 appeared on BitcoinEthereumNews.com. XMR, despite the general downtrend, holding above short-term EMA20 at the $514.37 level
Paylaş
BitcoinEthereumNews2026/01/22 14:13
UK and US Seal $42 Billion Tech Pact Driving AI and Energy Future

UK and US Seal $42 Billion Tech Pact Driving AI and Energy Future

The post UK and US Seal $42 Billion Tech Pact Driving AI and Energy Future appeared on BitcoinEthereumNews.com. Key Highlights Microsoft and Google pledge billions as part of UK US tech partnership Nvidia to deploy 120,000 GPUs with British firm Nscale in Project Stargate Deal positions UK as an innovation hub rivaling global tech powers UK and US Seal $42 Billion Tech Pact Driving AI and Energy Future The UK and the US have signed a “Technological Prosperity Agreement” that paves the way for joint projects in artificial intelligence, quantum computing, and nuclear energy, according to Reuters. Donald Trump and King Charles review the guard of honour at Windsor Castle, 17 September 2025. Image: Kirsty Wigglesworth/Reuters The agreement was unveiled ahead of U.S. President Donald Trump’s second state visit to the UK, marking a historic moment in transatlantic technology cooperation. Billions Flow Into the UK Tech Sector As part of the deal, major American corporations pledged to invest $42 billion in the UK. Microsoft leads with a $30 billion investment to expand cloud and AI infrastructure, including the construction of a new supercomputer in Loughton. Nvidia will deploy 120,000 GPUs, including up to 60,000 Grace Blackwell Ultra chips—in partnership with the British company Nscale as part of Project Stargate. Google is contributing $6.8 billion to build a data center in Waltham Cross and expand DeepMind research. Other companies are joining as well. CoreWeave announced a $3.4 billion investment in data centers, while Salesforce, Scale AI, BlackRock, Oracle, and AWS confirmed additional investments ranging from hundreds of millions to several billion dollars. UK Positions Itself as a Global Innovation Hub British Prime Minister Keir Starmer said the deal could impact millions of lives across the Atlantic. He stressed that the UK aims to position itself as an investment hub with lighter regulations than the European Union. Nvidia spokesman David Hogan noted the significance of the agreement, saying it would…
Paylaş
BitcoinEthereumNews2025/09/18 02:22
‘If you want to be great, make enemies’: Solana economist Max Resnick

‘If you want to be great, make enemies’: Solana economist Max Resnick

The post ‘If you want to be great, make enemies’: Solana economist Max Resnick  appeared on BitcoinEthereumNews.com. Max Resnick, the Consensys researcher who publicly
Paylaş
BitcoinEthereumNews2026/01/22 14:12