Canary Capital Files S-1 for XRP Spot ETF Launch

Canary Capital is aiming to launch an XRP spot ETF in November 2025, according to a recent SEC filing. The ETF will be managed by Steven McClurg, a seasoned cryptocurrency fund manager. This move could significantly boost liquidity for XRP and attract institutional investors. The ETF’s success is expected to follow the pattern of other successful cryptocurrency ETFs, such as the Solana-based ETF, which saw substantial inflows after launch.