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.