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XRP ETF Momentum Builds: Canary Capital Files Second U.S. Application

  • Canary Capital Group has filed for an XRP Exchange-Traded Fund (ETF) with the US Securities and Exchange Commission.
  • The move is politically motivated and strategic, with signs of a progressive regulatory environment and growing demand for ETF-related products.
  • The ETF would provide exposure to the value of XRP held by the Trust, allowing investors to assess the market without directly acquiring or holding the asset.
  • The chance of ETF approval depends on the outcome of the legal battle and may be influenced by the upcoming US presidential election.

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