XRP ETF Approval Process Triggered: 21Shares & Canary Capital Push for Automatic Approval

Two major asset management firms, 21Shares and Canary Capital, have initiated a legal process that could pave the way for XRP ETFs to be automatically approved within 20 days. This follows the SEC’s ‘no delaying amendment’ clause in their Rule 8(a) regulation, which kicks in if the regulator doesn’t intervene before the 20-day deadline.