Canary Capital to Pause on New ETFs Following XRP ETF Launch. Here’s why

As reported by CoinDesk, Canary Capital is likely to pause submissions for new cryptocurrency exchange-traded funds (ETFs) for the remainder of 2025 after completing filings for all tokens currently eligible under existing regulatory frameworks. The firm’s CEO, Steve McClurg, confirmed that the company has reached a point where additional filings can’t meet the current criteria set by the U.S. Securities and Exchange Commission (SEC). XRP ETF Debuts Amidst Active Market Interest This week, Canary Capital launched its XRP ETF. It immediately attracted notable attention . It shows demand from institutions for the XRP-backed product. The ETF opened with $58 million in trading volume, as Bloomberg analyst Eric Balchunas noted that it was one of the most successful ETF launches this year. McClurg, who had previously predicted that the XRP ETF would likely double Solana’s performance , reiterated this prediction, attributing this potential to the broader familiarity of XRP among traditional...

https://timestabloid.com/canary-capital-to-pause-on-etf-filings-following-xrp-etf-launch-heres-why/