Canary Capital expects to launch XRP ETF next week, says CEO

Canary Capital plans to launch a spot XRP exchange-traded fund (ETF) next week, according to CEO Steven McClurg, shortly after launching its Litecoin and Hedera ETFs last week. McClurg explained during a Bloomberg ETF analyst panel that new regulatory pathways, specifically generic listing standards combined with six months of futures activity for a token, allow for faster ETF approvals. Asset managers can utilize a "no-delay amendment" if they are comfortable with their filing, which allows the fund to automatically go effective in 20 days, bypassing the longer SEC review process associated with a delay amendment. Canary Capital filed its XRP ETF with a no-delay amendment 20 days before November 13.

(Source：Crypto Briefing)