Wall Street Races to Launch Latest Cohort of Crypto-Spot ETFs
- Firms seek to debut exchange-traded funds tied to XRP token
- Efforts come after regulatory clarity around Ripple Labs
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The race to launch an exchange-traded fund tracking XRP, the seventh-largest digital token, has begun.
Canary Capital Group, a new digital asset-focused investment firm founded in September, submitted paperwork with the Securities and Exchange Commission Tuesday to launch the Canary XRP ETF. It comes just a week after Bitwise Asset Management Inc. became the first firm to file for an ETF tracking the token.