Canary Capital acelera ETF de XRP com arquivamento atualizado na SEC

Canary Capital pressiona reguladores com movimento ousado no mercado de criptomoedas.

Estratégia Regulatória

O fundo atualizou sua documentação perante a SEC, contornando obstáculos burocráticos que tradicionalmente atrasam produtos financeiros digitais. A manobra surpreende analistas—a SEC mantém histórico de resistência a ETFs de criptomoedas beyond Bitcoin.

Impacto no Mercado

Investidores aguardam aprovação que potencialmente injetaria liquidez institucional massiva no XRP. Ações similares precedentes geraram rallies de mais de 80% em assets subjacentes, segundo dados históricos do setor.

Por que importa: mais um fundo tentando lucrar com a febre de ETFs—como se Wall Street precisasse de outra desculpa para cobrar taxas de administração absurdas.

Canary Capital advances despite SEC delays

Towering over previous SEC delays, Canary Capital has moved ahead with its plans, becoming one of an increasing list of past issuers who are speculating investor interest in a crypto-backed exchange-traded product. 

The filing also lists some of the main risks, including the fact that the trust is not subject to registration under the Investment Company Act of 1940, so investors won’t get the same shield as mutual fund shareholders. Additionally, exchange shutdowns or custody breaches could expose investors to significant losses.

That said, sentiment around XRP has improved after a U.S. appeals court threw out parts of the SEC’s lawsuit against Ripple, which has emboldened confidence in the token’s regulatory outlook. 

SEC’s final decision to shape XRP’s path into regulated ETFs

On related developments, asset managers Grayscale, Bitwise, Canary, CoinShares, Franklin, 21Shares, and WisdomTree also filed amendments for their proposed spot exchange-traded funds, signaling that they are eager to get the SEC’s approval to list.

Several analysts see this step as a sign that asset managers are responding to feedback from the regulatory agency. The SEC has yet to approve a spot XRP ETF, though both spot and futures-based funds have been proposed.

“[The filings were] almost certainly due to feedback from the SEC,” Bloomberg ETF analyst James Seyffart wrote on X. “Good sign, but also mostly expected.”

The amendments filings seem to alter the structure of some of the funds to allow for XRP or cash creations and cash or in-kind redemptions, instead of simply cash creations and redemptions.

While BlackRock operates the world’s largest spot Bitcoin and Ethereum ETFs, the asset manager has not sought approval for an XRP product. Earlier this month, BlackRock said it has no current plans to launch an XRP fund.

The final response by the SEC will decide if XRP stands to be one of the digital assets that can be offered through regulated ETFs. During Friday’s market-wide rally, XRP climbed 7%, trading at $3.08.

XRP, which has often reacted sharply to developments in its ongoing case with the SEC, rallied strongly once the news broke. Its upswing also aligned with the broader market rebound after U.S. Federal Reserve Chair Jerome Powell signaled potential interest rate cuts.

Even so, XRP has gained over 10% from its multi-week low of just under $2.80 earlier today and is now trading near $3.o5.

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