According to Bloomberg, Canary Capital Group has filed an ETF application to track XRP. Canary was founded in September by the former co-founder of Valkyrie Funds. Previously, Bitcoin and Ethereum ETFs have been launched, attracting nearly $19 billion and $550 million in outflows. Canary's application does not include a code or expected fees, which will be the company's first ETF. The XRP application shows that the issuer is pushing regulators to open up the cryptocurrency market. In August, a federal judge ordered Ripple Labs Inc. to pay a civil penalty for selling XRP to institutional investors without registration.

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