Odaily Planet Daily News: Cryptocurrency investment institution Canary Capital submitted an application for registration of an XRP spot ETF to the US SEC, becoming the second company to apply for such a product this month. In its S-1 registration statement filed on Tuesday, the company said that the Canary XRP ETF provides investors with "the opportunity to enter the XRP market through traditional brokerage accounts, without potential barriers to entry or risks involved in directly acquiring and holding XRP." The ETF has not yet designated a custodian or manager. Steven McClurg, founder of Canary Capital, said: "We have seen encouraging signs that the regulatory environment is more progressive, coupled with growing investor demand for sophisticated access to cryptocurrencies other than Bitcoin and Ethereum, especially investors seeking access to enterprise-grade blockchain solutions and their native tokens such as XRP." (The Block)

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