Canary Capital has filed for a spot XRP ETF with the SEC, marking the second such application in the US, amid ongoing regulatory uncertainty surrounding XRP's status.

Bitwise is now faced with a rival as Canary Capital filed an S-1 form to issue a post $XRP ETF, marking a significant development in the $XRP token's journey amid an ongoing legal scuffle between Ripple and the SEC.

Canary Capital has yet to disclose a few details such as the ticker for the XRP ETF fund as well as the custodian they would work with.

Canary Capital files for an XRP ETF with the US SEC, giving investors new opportunities to access XRP via traditional financial markets.

Canary Capital has filed a registration statement with the SEC for a spot XRP ETF, joining the growing competition for approval of spot ETFs based on altcoins other than Ethereum.

Canary Capital is now the second asset manager to file an S-1 for an XRP ETF. Canary’s filing follows Bitwise. The SEC has up to

Canary Capital has officially filed an S-1 with the United States Securities and Exchange Commission (SEC) to launch a spot XRP ETF. This ETF is intended to give investors direct exposure to the value of XRP,