Canary Capital filing signals spot XRP ETF set for launch this week

Canary Capital is poised to launch the first US-based exchange-traded fund (ETF) that will directly hold XRP, following a significant filing with the Securities and Exchange Commission (SEC). This ETF is expected to launch on Thursday, marking a notable development in the cryptocurrency market as it represents a new avenue for investors to gain exposure to XRP. The approval and launch of this ETF could have implications for the broader acceptance and integration of cryptocurrencies in traditional financial markets.