XRP ETF Buzz Increases As Canary Capital Pursues SEC For Greenlight On Its Fund — Will The Gary Gensler-Led Regulator Give Its Nod?
Portfolio Pulse from Aniket Verma
Canary Capital has filed a registration statement with the SEC for an XRP ETF, marking the second such filing this month. This follows Bitwise Asset Management's similar filing, amidst ongoing legal battles between the SEC and Ripple Labs over XRP's status as a security.
October 09, 2024 | 6:12 am
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Canary Capital has filed for an XRP ETF with the SEC, following Bitwise's filing. The SEC's decision is uncertain due to its legal battle with Ripple Labs over XRP's status as a security.
The filing for an XRP ETF by Canary Capital is significant as it could provide traditional investors access to XRP. However, the SEC's ongoing legal issues with Ripple Labs over XRP's classification as a security create uncertainty about the approval of such ETFs.
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