Canary Capital has filed for a spot XRP ETF with the SEC, marking the second such application in the US, amid ongoing regulatory uncertainty surrounding XRP's status.

"We're pleased to announce that Ripple has been named a Platinum Winner in Best Cross-Border Payments Platform," the company stated.

In the latest developments surrounding the Ripple case, the SEC has announced it will challenge its partial loss in court against the XRP issuer. The regulator filed a notice of appeal, more than a year after a federal judge ruled that the sale of Ripple's XRP on public exchanges does not qualify as a security.

The Canary XRP ETF would track the XRP price by using the Chicago Mercantile Exchange (CME) CF Ripple index and would avoid derivatives product for tracking.

Crypto analysts are projecting significant growth potential for XRP, with predictions ranging from $2.3 to $200, though the asset currently trades at $0.53 amidst market uncertainty.

Ripple's XRP is currently trading at just $0.53, leaving many traders wondering: could it skyrocket by 2x to 5x after the launch of its RLUSD stablecoin? This speculation comes as XRP has struggled to move beyond the $0.50 mark, causing frustration among holders.

The second filing for XRP ETF by Canary Capital has sparked optimism in the market, with many experts revealing potential approval chances for the investment instrument. Meanwhile, this comes just after Bitwise made the first filing for such an ETF in the United States.

According to a report by Isabelle Lee for Bloomberg, crypto investment firm Canary Capital filed a registration statement with the U.S. Securities and Exchange Commission (SEC) on October 8 for a spot XRP exchange-traded fund (ETF), marking the firm's first attempt at launching an ETF.

Canary Capital has applied with the US Securities and Exchange Commission (SEC) to launch a spot XRP ETF (exchange-traded fund). If approved, the cryptocurrency investment firm will offer investors access to XRP without them having to purchase the asset directly.

The second filing for an exchange-traded fund based on the Ripple token has been made in the United States.

Attorneys Kristi Warner and James Murphy (@Metalawman) discussed the SEC's appeal on the Crypto Law channel. In the Ripple case, Judge Torres ruled that only institutional sales were unregistered securities. She made it clear that XRP itself is not a security, and sales between retail holders that didn't involve Ripple are also not securities.

Crypto analyst Egrag Crypto has predicted that the XRP price will rise 8,400% to $44. Interestingly, the analyst suggested that the crypto could still reach a higher price target, calling the $44 price level “conservative.

Cryptocurrency Market Today: The global cryptocurrency market saw a slight dip today, with a 0.28% decrease in total market cap, now at $2.17 trillion. Meanwhile, 24-hour trading volumes fell -11.09% to $69.42 billion. The Fear & Greed Index stays at 42, indicating neutral market sentiment as investors await new developments.

After Bitwise, Canary Capital Group filed for the XRP ETF, which has circulated bullish waves across the markets. On the other hand, the trading volume of the token has been constantly dropping, keeping the market participants hazy about the next price action.

Cryptocurrency asset trading and management firm Canary Capital has lodged a registration statement with the SEC for an XRP (CRYPTO: XRP) exchange-traded fund (ETF), marking the second such filing this month. What Happened: Canary Capital submitted the S-1 filing—a prerequisite for issuers to file to publicly offer new securities—on Tuesday.

A compelling expose could have impacted bitcoin and the broader market's prices, but the crypto community is largely brushing off HBO's hyped documentary.

According to ETF analyst Eric Balchunas, Canary Capital, a Nashville-based firm launched by alternative asset manager Valkyrie, has jumped into the XRP ETF race with its own filing.

Crypto investment firm Canary Capital Group has officially filed its proposed XRP exchange-traded fund (ETF) with the US regulator. The submission comes a week after asset manager Bitwise first filed for an ETF tracking the token.

A look at why the latest sideways movement in XRP price action reveals some interesting details about the current state of the market.

XRP price is stuck in a tiny range below the $0.550 level. The price must clear the $0.5450 and $0.5500 resistance levels to start a fresh increase.

XRP is once again making headlines. A macro technical analyst, Chetan Gurjar, has shared a compelling analysis suggesting that XRP could witness a significant price surge, potentially exceeding $12.

XRP advances 0.47%, outperforming the broader crypto market, as new XRP-spot ETF filings fuel investor optimism.

Canary Capital has filed for an XRP ETF, hot on the heels of Bitwise who filed for a similar product seven days ago.

The XRP Army is ramping up efforts to push back against the U.S. Securities and Exchange Commission (SEC)'s appeal in the Ripple lawsuit, calling it unnecessary and damaging to the cryptocurrency market. XRP supporters claim that the SEC's actions create instability in the crypto sector, directly contradicting the agency's mission.

Bitwise Asset Management's recent application for an XRP exchange-traded fund (ETF) has hit several roadblocks, raising questions about the viability of this financial product amid ongoing scrutiny from the U.S. Securities and Exchange Commission (SEC). Following the application's submission in early October, XRP's price has faced a notable downturn, closing at $0.66 at the end of September and dropping nearly 20% to around $0.53.

Canary Capital, a crypto investment firm has filed the spot XRP ETF (Exchange Traded Fund) in the United States, following the successful launch of Bitcoin and Ethereum ETFs. The firm named this crypto product the “Canary XRP ETF” while submitting Form S-1 to the US Securities and Exchange Commission (SEC).

Canary Capital has officially filed an S-1 with the United States Securities and Exchange Commission (SEC) to launch a spot XRP ETF. This ETF is intended to give investors direct exposure to the value of XRP, the token built on the XRP Ledger, without needing to buy, hold, or manage XRP directly.

Macro technical analyst Chetan Gurjar unveiled a compelling projection for XRP, suggesting that the cryptocurrency could soon witness a significant price surge, potentially exceeding the $12 mark. This forecast is rooted in Elliott Wave Theory (EWT), which posits that XRP is on the brink of entering its third macro wave—a phase often characterized by explosive price action.

Canary Capital Group LLC has officially submitted a registration with the U.S. Securities and Exchange Commission (SEC) for its proposed Canary XRP ETF, aimed at providing investors with exposure to XRP. The exchange-traded fund (ETF) is designed to give investors an option other than directly holding XRP, making access easier through traditional brokerage platforms.

Canary Capital filed a registration statement with the SEC for a spot XRP ETF, marking the second firm vying for that product this month.

Canary Capital files for an XRP ETF with the US SEC, giving investors new opportunities to access XRP via traditional financial markets. The post Canary Capital files for XRP ETF with SEC filing appeared first on Crypto Briefing.

Crypto investment firm Canary Capital has made a bold move by filing for a spot XRP ETF product in the United States. The firm named the product the Canary XRP ETF in the form S-1 registration statement lodged with the Securities and Exchange Commission (SEC).

San Francisco-based blockchain firm Ripple has been named as a "platinum winner" in the "Best Cross-Border Payments Platform" by Juniper Research's Fintech & Payments Awards.

In a surprising move, investment funds based on other altcoins failed to follow in the footsteps of crypto giants, with Solana, XRP, Cardano, and Litecoin witnessing inflows during the week. The latest weekly report on digital asset investment funds by CoinShares depicts a trend of weaker investment sentiment among institutional investors.

SBI Digital Community Co., Ltd., a subsidiary of Japan's financial conglomerate SBI Holdings, has announced the public sale of its inaugural “Crypto Canvas Collection” NFTs on Polygon and the XRP Ledger.

Wall Street's ETF disruptors are once again pushing regulators to open up the crypto boom to the masses after Bitwise Asset Management Inc. became the first to file for a fund that invests directly in XRP, the world's seventh-largest digital token. Bloomberg News' Isabelle Lee has more.

Ripple recently conducted multiple burns of Ripple USD (RLUSD) stablecoins after minting almost 50 million RLUSD over the last week. This series of burns came amid Ripple's warnings to the community about scammers attempting to exploit the still-in-beta project. Ripple remains focused on keeping the launch secure as it continues testing its new stablecoin initiative.

Stablecoin liquidity reached unprecedented levels in September 2024, boosting overall cryptocurrency market activity. Meanwhile, Ripple made a notable entrance into the stablecoin space with its newly launched RLUSD, expanding its influence in the financial landscape.

Ripple (XRP) price has been under significant pressure following a series of bearish technical signals and legal developments. After the SEC filed an appeal against Ripple, XRP experienced a sharp decline.

XRP (XRP) holders have faced disappointment since last week as the cryptocurrency struggles to gain momentum despite recent catalysts, leading many to explore new opportunities like Meme Bets (MEMEBET), a crypto project within the growing meme coin and GambleFi spaces.

Over the last 24 hours, XRP, the seventh-largest cryptocurrency by market capitalization, has seen an increase in trading volume.

The recent XRP news surrounding the SEC vs. Ripple lawsuit saw the US SEC Appeal the Southern District Judge Analisa Torres' July 2023 and August 2024 ruling.

A top crypto analyst took to X recently to give a bearish forecast for Ripple (XRP), saying the community will not see a bull run. Also, whales have moved approximately $250 million worth of Ethereum (ETH) to centralized exchanges.

One of the most anticipated launches in the crypto space is nearing as the San Francisco-based cross-border payment provider's Ripple USD (RLUSD) enters what appears to be the final stages of its research and development, with mints and burns of RLUSD accelerating to millions in value.

Ripple (XRP) making headlines amid ongoing legal challenges from the U.S. Securities and Exchange Commission (SEC). As of October 7, XRP has managed to stabilize around $0.54, while Bitcoin (BTC) and Ethereum (ETH) are also experiencing significant gains.

Ripple Labs continues its development and testing of the Ripple USD (RLUSD) stablecoin, with the blockchain company minting millions of RLUSD tokens in recent weeks. According to the Ripple Stablecoin Tracker, the company has burned some minted stablecoins in batches.

The Ripple stablecoin has continued to gain major traction in the testing phase with new burning trend.

The world's largest crypto exchange, Binance, has released its freshly printed proof-of-reserves report, which shows the ratio between customers' net balances and the exchange's. One of the highlights is the performance of XRP reserves on Binance, as they have suddenly seen a notable increase.