**Cryptocurrency News:**

- Canary Capital filed with the U.S. Securities and Exchange Commission (SEC) on October 8 to create an exchange-traded fund (ETF) for Ripple’s XRP.

- This is the second XRP-related fund filing in the last two weeks, following Bitwise’s filing on September 30.

- The product would track the price of XRP using the CME CF Ripple Index.

- ETF Store President Nate Geraci believes approval is imminent, but could be delayed without a change in administration.

- Grayscale announced an XRP trust in September, which could be a precursor to a spot XRP ETF.

- Ripple CEO Brad Garlinghouse is confident in the future of an XRP ETF despite legal battles with the SEC.

- XRP price has remained steady at $0.532, down 11% over the past week.