XRP News Today: Canary Capital Files Staked ETFs in Delaware Focused on Major Blockchain Assets

Canary Capital has registered multiple staked ETFs in Delaware, signaling a strategic expansion in the cryptocurrency investment space. These ETFs focus on major blockchain assets including Injective (INJ), Sei (SEI), Cronos (CRO), and Sui (SUI), with no political or Trump-branded tokens included in the filings. The move underscores the firm’s commitment to offering institutional-grade exposure to staked tokens and aligning with broader trends in tokenization and institutional adoption [1].

The filings confirm that while rumors circulated about a "Trump Coin ETF," no such product is included in the official Delaware registrations. Instead, the firm is concentrating on well-established blockchain assets that have demonstrated utility and stability within the crypto ecosystem. Eric Anziani from Crypto.com highlighted the significance of these ETFs in making key tokens like CRO more accessible to U.S. investors, describing the development as an important step in broadening market participation [2].

Canary Capital’s registration strategy is being executed through Delaware, a jurisdiction known for its favorable regulatory environment and streamlined filing processes. This approach aligns with industry practices and reflects a calculated effort to position the firm ahead of potential regulatory developments. The firm has also submitted a staked-based INJ ETF application to the CBOE, marking a key step toward formal market approval [3].

Industry analysts note that these developments are in line with traditional ETF investment trends and do not disrupt the broader market with speculative or politically affiliated tokens. The absence of such affiliations in the filings suggests a purely financial strategy aimed at leveraging the popularity and technological promise of established blockchains [4].

In addition to the INJ-focused offerings, Canary Capital has filed for an XRP ETF, aiming to launch it before the end of the year. The firm is utilizing proprietary indices to enhance tracking and potentially improve performance relative to broader Ethereum-based ETFs. While the CEO has expressed optimism about the XRP product’s potential, such claims remain speculative and have yet to be validated by market performance [6].

The firm’s proactive approach highlights a growing trend in asset management to bridge traditional finance and blockchain technologies. By capitalizing on Delaware’s regulatory advantages and its own technical expertise, Canary Capital is positioning itself to launch a broader range of crypto-based investment products in the near future [5].

The registration of these staked ETFs is also seen as a response to the evolving regulatory environment, particularly in light of the SEC’s recent confirmation that it has ended its lawsuit involving certain crypto-related products. This shift is expected to encourage innovation in structured crypto products and expand access for a wider investor base [7].

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[1] https://coinmarketcap.com/community/articles/689cc1029b583a34d769df90/

[3] https://www.kucoin.com/news/category/market

[4] https://www.bitget.com/es/price/seedify.fund/price-prediction

[5] https://cfgi.io/ethereum-fear-greed-index/

[6] https://www.ainvest.com/news/xrp-news-today-xrp-eyes-34-double-bottom-etf-potential-drive-bullish-momentum-2508/