Crypto investment firm Canary Capital has filed to create an XRP spot ETF, becoming the second issuer in a week to apply for such a fund.

- The ETF will track the price of XRP via the CME CF Ripple Index.

- Investors will be able to access the XRP market without directly owning the token.

- The filing comes amid the ongoing SEC lawsuit against Ripple.

📉 XRP is trading at $0.53, up 0.4% on the day.