As reported by Coindesk, Canary Capital is likely to pause new crypto ETF filings for the remainder of the year, with CEO Steve McClurg stating the firm has already submitted applications for all eligible tokens under current SEC guidelines. The firm has launched an XRP ETF and has a pending Solana ETF, and McClurg said they will now focus on managing existing products and waiting for regulatory changes from the SEC. The XRP ETF launched with $58 million in trading volume, making it one of the most successful ETF launches this year.
Canary Capital Pauses New ETF Filings, Awaits SEC Regulatory Shift
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