Canary Capital Pauses XRP ETF Applications Amid SEC Regulatory Uncertainty

Investment firm Canary Capital is reportedly suspending its XRP exchange-traded fund (ETF) filings as it monitors the U.S. Securities and Exchange Commission's (SEC) evolving regulatory stance. The temporary halt reflects ongoing market caution surrounding XRP's classification and the broader cryptocurrency ETF approval process. Industry analysts suggest this strategic pause allows Canary to await clearer regulatory signals before proceeding with XRP-based financial products. The decision underscores the critical role of SEC guidance in shaping cryptocurrency investment vehicles and market adoption.