Canary Capital has filed for permission to offer an exchange-traded fund (ETF) linked to Ripple-associated cryptocurrency XRP. This is the second such registration in the United States, just a week after Bitwise filed for a similar product.

XRP is testing a crucial support level to determine the altcoin's price action in the coming weeks. The market is experiencing uncertainty and anxiety after the past week's euphoria surrounding the Federal Reserve's decision to cut interest rates.

The ongoing struggle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) has become a hot topic in the cryptocurrency world. As the battle intensifies, the XRP community—supporters and investors of Ripple's digital currency, XRP—are voicing their concerns about the SEC's recent actions.

Bitcoin's failure to hold $62,000 may trigger another selloff and pull altcoin prices lower.

TL;DR Canary Capital Group files with the SEC to launch the Canary XRP ETF, marking its debut in the cryptocurrency exchange-traded funds market. The application comes after Bitwise Asset Management's proposal for an XRP ETF. Ripple Labs faces penalties for selling XRP without authorization, but interest in XRP-linked products continues to rise.

XRP and Dogecoin have experienced a slump due to crypto market consolidation over the past week. Despite the recent stability, these two top-10 digital assets show signs of potential gains this October.

Ripple's price has been consolidating in a very tight range in the last few days, and it has yet to give any indication of its future direction. By Edris Derakhshi (TradingRage) The USDT Paired Chart On the USDT paired chart, the price has recently experienced a massive drop from the $0.

XRP ETF space continue to heat up but U.S. elections and SEC-Ripple Labs lawsuit outcomes could be crucial ingredients for approval.

Legal dispute between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) has become a significant focal point in the cryptocurrency world. Recent developments hint at the possibility of a settlement between the two parties in the next two weeks, particularly after the SEC filed a notice of appeal on October 2, 2024.

The XRP price has kept to the $0.5298 level today, marking a very slight 0.2% gain in 24 hours as the cryptocurrency market as a whole falls by 1%.

It has drawn the attention of traders that XRP has seen a significant $85 million volume spike recently. Following weeks of sideways trading, this spike in volume may be a precursor to a big move in XRP's price, possibly indicating an attempt at a trend reversal.

XRP whales have been making strategic moves today. While such moves do not really impact price movements, it is crucial to read the minds of these large investors.

Canary Capital, founded by alternative asset manager Valkyrie, has joined the XRP ETF race by filing its own application, as was recently revealed.

In a recent discussion on X (formerly Twitter), David Schwartz, Ripple CTO and one of the key architects behind XRP Ledger, addressed long-standing speculations about his involvement with Bitcoin's mysterious creator, Satoshi Nakamoto.

The SEC filed a notice of appeal on October 2, challenging Judge Analisa Torres's ruling that XRP is not a security. This appeal saw the XRP price tumble sharply, forcing Ripple traders to migrate to alternative investments.

Canary Capital has submitted a filing to the SEC to launch a spot XRP ETF, making it the second proposal in the past week.

Ripple's chief technology officer (CTO), David Schwartz, has criticized a popular AI-powered online platform for the wording it chose to talk about victims of Bitcoin scammers. He does not believe it was a mere typo since, he said, AI is trained not to make typos.

The prospect of an XRP ETF in the U.S. is gaining traction, fueled by optimism from experts and the recent filing by Canary Capital. Despite the U.S. SEC's ongoing appeal in the Ripple case, confidence in XRP's future remains strong among market players.

Bitcoin (BTC) remained muted, registering a marginal decline over the past 24 hours. It continues to hover just under the $62,500 mark.

Canary Capital has filed for spot XRP ETF with the U.S. SEC. The firm became the second to pursue the product after Bitwise.

The price of Ripple (XRP) has dipped below the moving average lines as the altcoin maintains its sideways trend.

According to the latest report from CryptoQuant, stablecoin liquidity has crossed new records, largely due to Tether and Circle. Ripple entered the space with its new RLUSD token.

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.