PANews reported on November 15th, citing Coindesk, that Canary Capital CEO Steve McClurg stated that the company has submitted applications for all currently eligible tokens under existing regulatory guidelines. The company may suspend new cryptocurrency ETF applications for the remainder of the year, with the need for further documentation depending on regulatory changes or whether new assets meet the requirements of the U.S. Securities and Exchange Commission. The company will shift its focus to managing products such as its newly launched XRP ETF, which saw $58 million in trading volume on its first day.PANews reported on November 15th, citing Coindesk, that Canary Capital CEO Steve McClurg stated that the company has submitted applications for all currently eligible tokens under existing regulatory guidelines. The company may suspend new cryptocurrency ETF applications for the remainder of the year, with the need for further documentation depending on regulatory changes or whether new assets meet the requirements of the U.S. Securities and Exchange Commission. The company will shift its focus to managing products such as its newly launched XRP ETF, which saw $58 million in trading volume on its first day.
Canary Capital may suspend new ETF applications after launching XRP.
PANews reported on November 15th, citing Coindesk, that Canary Capital CEO Steve McClurg stated that the company has submitted applications for all currently eligible tokens under existing regulatory guidelines. The company may suspend new cryptocurrency ETF applications for the remainder of the year, with the need for further documentation depending on regulatory changes or whether new assets meet the requirements of the U.S. Securities and Exchange Commission. The company will shift its focus to managing products such as its newly launched XRP ETF, which saw $58 million in trading volume on its first day.
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