Following Bitwise’s recent filing, Canary Capital Group has filed an XRP ETF proposal with the SEC. This development comes at a time when the crypto investment landscape is evolving. However, global regulatory uncertainty and market volatility continue to erode investor confidence. How the SEC will respond to such filings and the impact of potential regulations on the sector are matters of great curiosity. Given current market conditions, such innovations are unlikely to have a positive impact in the short term.