The post Canary Capital pushes XRP ETF forward with updated SEC filing appeared on BitcoinEthereumNews.com. Canary Capital Group has filed a revised S-1 form with the U.S. SEC for its proposed Canary XRP ETF. This move is viewed as another major milestone for Ripple’s native coin, making it to the mainstream in U.S. markets.  According to the filing, the ETF is structured as a Delaware statutory trust and aims to directly track the price of XRP using the CoinDesk XRP CCIXber 60m New York Rate as its benchmark. Unlike futures-based products, the fund will hold XRP directly, with custody services managed by a designated trust company. If approved, shares will trade on the Cboe BZX Exchange, allowing investors to gain exposure to XRP through traditional brokerage accounts without needing to manage wallets or interact with crypto exchanges. The Canary Capital ETF filing is intended to provide easier access to XRP and more transparency than the derivatives-based ETFs. Its design is similar to spot Bitcoin ETFs already out there, but centered around Ripple’s token instead. Canary Capital advances despite SEC delays Towering over previous SEC delays, Canary Capital has moved ahead with its plans, becoming one of an increasing list of past issuers who are speculating investor interest in a crypto-backed exchange-traded product.  The filing also lists some of the main risks, including the fact that the trust is not subject to registration under the Investment Company Act of 1940, so investors won’t get the same shield as mutual fund shareholders. Additionally, exchange shutdowns or custody breaches could expose investors to significant losses. That said, sentiment around XRP has improved after a U.S. appeals court threw out parts of the SEC’s lawsuit against Ripple, which has emboldened confidence in the token’s regulatory outlook.  SEC’s final decision to shape XRP’s path into regulated ETFs On related developments, asset managers Grayscale, Bitwise, Canary, CoinShares, Franklin, 21Shares, and WisdomTree… The post Canary Capital pushes XRP ETF forward with updated SEC filing appeared on BitcoinEthereumNews.com. Canary Capital Group has filed a revised S-1 form with the U.S. SEC for its proposed Canary XRP ETF. This move is viewed as another major milestone for Ripple’s native coin, making it to the mainstream in U.S. markets.  According to the filing, the ETF is structured as a Delaware statutory trust and aims to directly track the price of XRP using the CoinDesk XRP CCIXber 60m New York Rate as its benchmark. Unlike futures-based products, the fund will hold XRP directly, with custody services managed by a designated trust company. If approved, shares will trade on the Cboe BZX Exchange, allowing investors to gain exposure to XRP through traditional brokerage accounts without needing to manage wallets or interact with crypto exchanges. The Canary Capital ETF filing is intended to provide easier access to XRP and more transparency than the derivatives-based ETFs. Its design is similar to spot Bitcoin ETFs already out there, but centered around Ripple’s token instead. Canary Capital advances despite SEC delays Towering over previous SEC delays, Canary Capital has moved ahead with its plans, becoming one of an increasing list of past issuers who are speculating investor interest in a crypto-backed exchange-traded product.  The filing also lists some of the main risks, including the fact that the trust is not subject to registration under the Investment Company Act of 1940, so investors won’t get the same shield as mutual fund shareholders. Additionally, exchange shutdowns or custody breaches could expose investors to significant losses. That said, sentiment around XRP has improved after a U.S. appeals court threw out parts of the SEC’s lawsuit against Ripple, which has emboldened confidence in the token’s regulatory outlook.  SEC’s final decision to shape XRP’s path into regulated ETFs On related developments, asset managers Grayscale, Bitwise, Canary, CoinShares, Franklin, 21Shares, and WisdomTree…

Canary Capital pushes XRP ETF forward with updated SEC filing

Canary Capital Group has filed a revised S-1 form with the U.S. SEC for its proposed Canary XRP ETF. This move is viewed as another major milestone for Ripple’s native coin, making it to the mainstream in U.S. markets. 

According to the filing, the ETF is structured as a Delaware statutory trust and aims to directly track the price of XRP using the CoinDesk XRP CCIXber 60m New York Rate as its benchmark. Unlike futures-based products, the fund will hold XRP directly, with custody services managed by a designated trust company. If approved, shares will trade on the Cboe BZX Exchange, allowing investors to gain exposure to XRP through traditional brokerage accounts without needing to manage wallets or interact with crypto exchanges.

The Canary Capital ETF filing is intended to provide easier access to XRP and more transparency than the derivatives-based ETFs. Its design is similar to spot Bitcoin ETFs already out there, but centered around Ripple’s token instead.

Canary Capital advances despite SEC delays

Towering over previous SEC delays, Canary Capital has moved ahead with its plans, becoming one of an increasing list of past issuers who are speculating investor interest in a crypto-backed exchange-traded product. 

The filing also lists some of the main risks, including the fact that the trust is not subject to registration under the Investment Company Act of 1940, so investors won’t get the same shield as mutual fund shareholders. Additionally, exchange shutdowns or custody breaches could expose investors to significant losses.

That said, sentiment around XRP has improved after a U.S. appeals court threw out parts of the SEC’s lawsuit against Ripple, which has emboldened confidence in the token’s regulatory outlook. 

SEC’s final decision to shape XRP’s path into regulated ETFs

On related developments, asset managers Grayscale, Bitwise, Canary, CoinShares, Franklin, 21Shares, and WisdomTree also filed amendments for their proposed spot exchange-traded funds, signaling that they are eager to get the SEC’s approval to list.

Several analysts see this step as a sign that asset managers are responding to feedback from the regulatory agency. The SEC has yet to approve a spot XRP ETF, though both spot and futures-based funds have been proposed.

“[The filings were] almost certainly due to feedback from the SEC,” Bloomberg ETF analyst James Seyffart wrote on X. “Good sign, but also mostly expected.”

The amendments filings seem to alter the structure of some of the funds to allow for XRP or cash creations and cash or in-kind redemptions, instead of simply cash creations and redemptions.

While BlackRock operates the world’s largest spot Bitcoin and Ethereum ETFs, the asset manager has not sought approval for an XRP product. Earlier this month, BlackRock said it has no current plans to launch an XRP fund.

The final response by the SEC will decide if XRP stands to be one of the digital assets that can be offered through regulated ETFs. During Friday’s market-wide rally, XRP climbed 7%, trading at $3.08.

XRP, which has often reacted sharply to developments in its ongoing case with the SEC, rallied strongly once the news broke. Its upswing also aligned with the broader market rebound after U.S. Federal Reserve Chair Jerome Powell signaled potential interest rate cuts.

Even so, XRP has gained over 10% from its multi-week low of just under $2.80 earlier today and is now trading near $3.o5.

Don’t just read crypto news. Understand it. Subscribe to our newsletter. It’s free.

Source: https://www.cryptopolitan.com/canary-capital-updates-xrp-etf-filing/

Market Opportunity
Threshold Logo
Threshold Price(T)
$0.009727
$0.009727$0.009727
-1.94%
USD
Threshold (T) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

WLD Price Prediction: Targets $0.73 by February as Bullish Momentum Builds

WLD Price Prediction: Targets $0.73 by February as Bullish Momentum Builds

The post WLD Price Prediction: Targets $0.73 by February as Bullish Momentum Builds appeared on BitcoinEthereumNews.com. Zach Anderson Jan 15, 2026 09:09 Worldcoin
Share
BitcoinEthereumNews2026/01/16 02:05
Top Solana Treasury Firm Forward Industries Unveils $4 Billion Capital Raise To Buy More SOL ⋆ ZyCrypto

Top Solana Treasury Firm Forward Industries Unveils $4 Billion Capital Raise To Buy More SOL ⋆ ZyCrypto

The post Top Solana Treasury Firm Forward Industries Unveils $4 Billion Capital Raise To Buy More SOL ⋆ ZyCrypto appeared on BitcoinEthereumNews.com. Advertisement &nbsp &nbsp Forward Industries, the largest publicly traded Solana treasury company, has filed a $4 billion at-the-market (ATM) equity offering program with the U.S. SEC  to raise more capital for additional SOL accumulation. Forward Strategies Doubles Down On Solana Strategy In a Wednesday press release, Forward Industries revealed that the 4 billion ATM equity offering program will allow the company to issue and sell common stock via Cantor Fitzgerald under a sales agreement dated Sept. 16, 2025. Forward said proceeds will go toward “general corporate purposes,” including the pursuit of its Solana balance sheet and purchases of income-generating assets. The sales of the shares are covered by an automatic shelf registration statement filed with the US Securities and Exchange Commission that is already effective – meaning the shares will be tradable once they’re sold. An automatic shelf registration allows certain publicly listed companies to raise capital with flexibility swiftly.  Kyle Samani, Forward’s chairman, astutely described the ATM offering as “a flexible and efficient mechanism” to raise and deploy capital for the company’s Solana strategy and bolster its balance sheet.  Advertisement &nbsp Though the maximum amount is listed as $4 billion, the firm indicated that sales may or may not occur depending on existing market conditions. “The ATM Program enhances our ability to continue scaling that position, strengthen our balance sheet, and pursue growth initiatives in alignment with our long-term vision,” Samani said. Forward Industries kicked off its Solana treasury strategy on Sept. 8. The Wednesday S-3 form follows Forward’s $1.65 billion private investment in public equity that closed last week, led by crypto heavyweights like Galaxy Digital, Jump Crypto, and Multicoin Capital. The company started deploying that capital this week, announcing it snatched up 6.8 million SOL for approximately $1.58 billion at an average price of $232…
Share
BitcoinEthereumNews2025/09/18 03:42
WhatsApp keeps doors open to rival AI bots in Brazil

WhatsApp keeps doors open to rival AI bots in Brazil

The post WhatsApp keeps doors open to rival AI bots in Brazil appeared on BitcoinEthereumNews.com. Meta Platform’s messaging services app, WhatsApp, is reportedly
Share
BitcoinEthereumNews2026/01/16 01:58