As reported by CoinDesk, Canary Capital is likely to pause submissions for new cryptocurrency exchange-traded funds (ETFs) for the remainder of 2025 after completing filings for all tokens currently eligible under existing regulatory frameworks. The firm’s CEO, Steve McClurg, confirmed that the company has reached a point where additional filings can’t meet the current criteria set by the U.S. Securities and Exchange Commission (SEC). XRP ETF Debuts Amidst Active Market Interest This week, Canary Capital launched its XRP ETF. It immediately attracted notable attention . It shows demand from institutions for the XRP-backed product. The ETF opened with $58 million in trading volume, as Bloomberg analyst Eric Balchunas noted that it was one of the most successful ETF launches this year. McClurg, who had previously predicted that the XRP ETF would likely double Solana’s performance , reiterated this prediction, attributing this potential to the broader familiarity of XRP among traditional finance participants and institutions compared to Solana, which has a stronger presence in crypto-native communities. Regulatory Framework Limits New Filings McClurg emphasized that Canary has filed applications for all assets that meet the SEC’s generic listing standards . These standards permit certain crypto-backed ETFs to proceed without undergoing the agency’s lengthy review process. To qualify, a cryptocurrency must satisfy conditions such as maintaining a futures market with at least six months of trading history. According to McClurg, only a limited number of digital assets currently meet these requirements, constraining the firm’s ability to submit additional applications. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 Focus Shifts to Existing Products McClurg previously predicted inflows of $5 billion within the first month of the XRP ETF launch. With the XRP and Solana ETFs now live, Canary Capital intends to concentrate on managing these funds while monitoring regulatory developments. McClurg noted that future launches will depend on whether additional cryptocurrencies meet the generic listing standards or can obtain approval through the SEC’s more detailed 19b-4 authorization process, which involves a comprehensive review of ETF applications. Canary Capital’s pause on new ETF filings reflects both regulatory constraints and a strategic focus on managing existing products. The firm aims to ensure recently launched ETFs, including XRP and Solana funds, perform effectively and remain compliant with SEC guidelines. While new ETF launches are unlikely in the near term, the company is prepared to act once additional digital assets meet eligibility requirements. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Canary Capital to Pause on New ETFs Following XRP ETF Launch. Here’s why appeared first on Times Tabloid .
