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TheNewsCrypto

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Grayscale and Canary Capital Spark New Crypto ETF Wave

  • Grayscale has filed to convert its Digital Large Cap Fund into a diversified crypto ETF that includes Bitcoin, Ethereum, Solana, XRP, and Avalanche.
  • Canary Capital has filed for spot Litecoin and XRP ETFs, targeting alternative cryptocurrencies in response to growing institutional interest.
  • The race to bring more crypto-based ETFs to the US market reflects increasing demand for sophisticated cryptocurrency products.
  • Political factors, including the upcoming US presidential election, may influence the regulatory environment for cryptocurrencies.

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