Canary Capital Halts New Crypto ETF Applications Amid Regulatory Uncertainty

Cryptocurrency ETF giant Canary Capital is pausing its application process for new products due to a growing sense of regulatory uncertainty in the US market. This decision comes after the launch of their XRP-based ETF, which saw $58 million in trading volume on its first day. The move reflects the current focus on managing existing products and navigating the complex landscape of regulations impacting the crypto sector.