ChainCatcher news, according to The Block, cryptocurrency investment firm Canary Capital has submitted a registration application for a spot XRP exchange-traded fund (ETF) to the U.S. Securities and Exchange Commission (SEC), becoming the second company to apply for such a product this month.Canary Capital founder Steven McClurg stated that as the demand for blockchain solutions grows, the company sees a more progressive regulatory environment. The ETF will provide investors with the opportunity to access the XRP market through traditional brokerage accounts, avoiding the potential risks of directly holding XRP. The custodian for the ETF has not yet been determined.

ChainCatcher news, according to FOX Business, ETF issuer Bitwise has submitted an S-1 application for an XRP spot ETF to the SEC.

ChainCatcher message, The ETF Store President Nate Geraci stated on X: "Setting aside political factors, it is hard to imagine any new spot cryptocurrency ETFs being launched under the current government administration. Given the current situation, there are no signs that Solana or XRP spot ETFs are likely to be launched in the next year or two. Whether this is good or bad may depend on the elections in November."

ChainCatcher news, Ripple Labs CEO Brad Garlinghouse discussed the future prospects of the XRP spot ETF during an interview with Fox Business Channel on Tuesday. He stated that the approval of the Ethereum spot ETF has opened the door for the launch of other crypto asset ETFs like XRP.The U.S. Securities and Exchange Commission (SEC) will fail in its battle against cryptocurrency. People do not want to invest in just one commodity; more commodities should be added to the market to provide investors with more trading options. The launch of the XRP ETF is inevitable, and the XRP spot ETF may be listed in 2025.Garlinghouse previously stated that after Bitcoin and Ethereum, XRP, SOL, and ADA could be the next crypto spot ETFs to be approved.

ChainCatcher news, according to Investing.com, due to ongoing regulatory uncertainty and ambiguity regarding the legal status of the cryptocurrency XRP, asset management company BlackRock has decided to suspend its plans to launch an XRP-based ETF.Previously, BlackRock CEO Larry Fink had made comments suggesting the company's interest in XRP.