ANOTHER XRP ETF? Canary Capital Files Spot Ripple ETF

Crypto investment firm Canary Capital has filed to create a spot XRP exchange-traded fund (ETF), the second issuer to bid for an XRP fund in the last seven days.

In an Oct. 8 filing with the Securities and Exchange Commission, Canary Capital said its ETF would give investors access to the XRP market “through a traditional brokerage account without the potential barriers to entry or risks involved with acquiring and holding XRP directly.”

Canary said its XRP ETF would track XRP’s price using the Chicago Mercantile Exchange (CME) CF Ripple index — a real-time price benchmark product.

Also remember guys, this is not financial advice and I am not a financial advisor. This is just me expressing my opinion.