Cryptocurrency asset trading and management firm Canary Capital has lodged a registration statement with the SEC for an XRP (CRYPTO: XRP) exchange-traded fund (ETF), marking the second such filing this month.
What Happened: Canary Capital submitted the S-1 filing—a prerequisite for issuers to file to publicly offer new securities—on Tuesday.
The proposed Canary XRP ETF intended to provide direct exposure to the value of XRP held by the trust and allow investors the opportunity to access the market through a traditional brokerage account
Canary …
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