XRP ETF race heats up as Canary joins Bitwise in S-1 filing

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XRP ETF race heats up as Canary joins Bitwise in S-1 filing
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The race for U.S. spot XRP ETF seems to be heating up, as a new and second player, Canary Capital, filed with SEC to seek approval.

XRP ETF space continue to heat up but U.S. elections and SEC-Ripple Labs lawsuit outcomes could be crucial ingredients for approval.Canary Capital is a new investment firm launched by Steven McClurg, a co-founder of Valkyrie Fund.

This was the stance of most market observers after Bitwise filed for a similar application last week. The ongoing Ripple Labs-SEC lawsuit supported the challenge for an XRP ETF from a regulatory standpoint.

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