XRP ETF Launch Possible as Canary Capital Prepares for Market Debut

Thursday holds the potential to be a momentous day for XRP investors, with market speculation mounting regarding the launch of the first spot XRP exchange-traded fund (ETF). Canary Capital, a prominent digital asset management firm, is on the verge of launching its long-awaited product, and analysts anticipate it could begin trading as early as Thursday. This potential arrival follows news of Canary Capital filing Form 8-A with the U.S. Securities and Exchange Commission (SEC), which paves the way for listing and trading of shares on a registered securities exchange.