Canary Expected To Pause ETF Filings After XRP Launch

Canary Capital is preparing to pause new crypto ETF filings for the rest of the year following the successful debut of its XRP exchange-traded fund. CEO Steve McClurg said the firm has already submitted applications for every asset currently eligible under the U.S. Securities and Exchange Commission’s generic listing standards.

With SEC approvals still difficult and regulatory uncertainty limiting the scope for additional products, Canary plans to shift its focus toward supporting existing ETFs rather than pursuing new ones. The pause underscores the bottleneck issuers face as demand for diversified crypto ETFs grows faster than U.S. regulators are willing to approve new listings.

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