Canary Likely to Hit Pause on New ETF Filings After Launching XRP

Following the launch of its XRP ETF, the XRPC, which recorded an impressive $58 million in trading volume on its debut, Canary is now considering pausing new ETF filings. The CEO's statement reflects the challenges posed by the SEC's stringent approval process. The recent articles highlight the growing interest in XRP ETFs, with Canary's XRPC leading the way in trading performance, surpassing competitors like Bitwise’s Solana ETF. This trend indicates a pivotal moment in the cryptocurrency market as firms navigate regulatory hurdles while seeking to capitalize on investor interest.