XRP ETF Application Hits Key Milestone, Spark Market Excitement

The Canary Capital Group’s application for an XRP exchange-traded fund (ETF) has garnered attention, reaching the Depository Trust & Clearing Corporation (DTCC), a major player in US securities transactions. This development comes alongside Fidelity’s Solana ETF application and Canary’s other HBAR and Litecoin ETF proposals, generating buzz in the crypto market about potential ETF launches for these assets. 💰

The DTCC listing signifies that the groundwork is in place for an eventual launch but does not guarantee SEC approval. However, it highlights the progress being made towards bringing XRP onto trading floors as an ETF.