<ul><li>Canary Capital has filed with the SEC for a spot XRP exchange-traded fund (ETF), the second such filing in a week.</li><li>Institutional interest in XRP is growing, and firms like Grayscale are launching the Grayscale XRP Trust to gain additional exposure to the token.</li><li>Canary Capital is a relatively new crypto company, recently founded by Steven McClurg, who also co-founded Valkyrie, a major digital asset firm and ETP manager.</li><li>This push for an XRP ETF follows Ripple Labs’ legal battles, where a federal judge fined the company for the institutional sales of XRP to accredited investors without registering the token properly.</li></ul>

Canary Capital Submits Application for XRP ETF, Hot on The Heels of Bitwise

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