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.