A groundbreaking development in the world of cryptocurrency investment is expected to occur this week: the launch of the U.S.’s very first direct XRP-focused Exchange Traded Fund (ETF). Crypto investment firm Canary Capital has taken the crucial step of completing its SEC filing, signaling that it could launch as early as Thursday. This marks a significant shift from previous indirect products that have only invested in XRP through offshore entities. Canary Capital’s ETF will be the first of its kind to hold XRP directly, according to confirmed reports from industry expert Eleanor Trent. 8A filings are typically associated with swift ETF launches, and this trend aligns perfectly with the case of the Hedera (HBAR) ETFs which also launched quickly after filing their respective 8A paperwork. This new wave of direct XRP ETFs comes on the heels of positive momentum within the cryptocurrency market, fueled by signals of a potential resolution to the recent U.S. government shutdown. The Depository Trust and Clearing Corporation (DTCC), an important entity in financial markets, has already listed several pending spot XRP ETF applications from other asset managers, including 21Shares, ProShares, Bitwise, Volatility Shares, REX-Osprey, CoinShares, Amplify, and Franklin Templeton. As this eagerly anticipated launch nears, the price of XRP has climbed 10% in the past week, trading around $2.40 according to CoinGecko data. Stay tuned for updates on the unfolding developments.