Canary XRP ETF Likely to Start Trading This Week After SEC Filing

Group 1 - Canary Capital has submitted a regulatory filing for an XRP-focused exchange-traded fund (ETF) that could list on the Nasdaq exchange, providing investors with a second option to purchase shares in an XRP ETF [1][2] - The filing indicates a potential launch of the fund this week, with expectations of significant investor interest in XRP and altcoin-focused ETFs [2][3] - The Rex-Osprey XRP ETF, which launched in September, generated $38 million on its first day and currently manages over $138 million in assets, demonstrating strong demand for XRP-related investment products [2][4] Group 2 - The success of Bitcoin and Ethereum ETFs, which manage approximately $139 billion and nearly $21 billion in assets respectively, has bolstered demand for other crypto-focused funds, including those based on single cryptocurrencies [5] - The SEC is currently reviewing over 90 applications for various cryptocurrency funds, indicating a growing interest in crypto investment vehicles [5] - XRP's current price is $2.40, reflecting a 6% drop over 24 hours and being over 30% below its all-time high of $3.65 reached in July [6]