Canary Capital has filed a Form 8-A for an XRP spot ETF, with plans to launch on Thursday at market open, pending Nasdaq's certification. This development marks a significant step in the expansion of cryptocurrency ETFs, particularly for XRP, which has seen increased interest following regulatory clarity.
In other news, Coinbase and stablecoin startup BVNK have terminated their $2 billion acquisition deal after completing the due diligence process. The decision to call off the acquisition highlights the challenges and complexities involved in large-scale mergers within the crypto industry.
Additionally, PrizePicks has partnered with Polymarket to expand event markets beyond fantasy sports into broader areas such as entertainment. This collaboration aims to leverage blockchain technology to enhance user engagement and diversify offerings in the event market space.
Canary Capital to Launch XRP Spot ETF Following Nasdaq Certification
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