XRP experienced a 7% decrease; the start of the ETF could bring an increase.

Fluctuation in the XRP Market

XRP has recently experienced a decline of 7%. However, a new ETF (Exchange-Traded Fund) application by Canary Capital presents the potential to reverse this drop.

ETF Application and New Strategies

Canary Capital has applied for all crypto ETFs that comply with the standards set by the SEC (U.S. Securities and Exchange Commission). The company achieved a trading volume of $58 million at the launch of the market's first XRP ETF.

Steve McClurg, CEO of Canary Capital, stated that future filing processes would depend on regulatory changes or new assets meeting SEC requirements.