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International Business Times
International Business Times
Business
Marvie Basilan

Canary Capital Files S-1 For Spot $XRP ETF – A Bitcoin Decoupling In The Future?

Canary XRP Canary Capital SEC ETF Bitcoin Ripple Bitwise Crypto Brad Garlinghouse
$XRP is among the most popular crypto tokens in the market. (Credit: IBTimes US)

KEY POINTS

  • Canary said there is growing demand for access to cryptocurrencies beyond $BTC and $ETH
  • A crypto user said $XRP may soon 'decouple' from Bitcoin and make a name for itself
  • The news came days after the SEC filed to appeal a court's ruling regarding $XRP's status as a non-security

Days after Bitwise Asset Management filed an S-1 with the U.S. Securities and Exchange Commission (SEC) to issue an XRP exchange-traded fund (ETF), cryptocurrency investment firm Canary Capital has joined the first-movers circle.

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