Canary Capital is executing a two-pronged strategy, launching its spot XRP ETF ($XRPC) on Nasdaq this week while simultaneously filing for a spot MOG ETF. The $XRPC fund, the first U.S. spot XRP ETF, is set to trade on Thursday with a 0.50% management fee. The MOG filing is the first U.S. attempt to list a spot memecoin ETF, causing MOG’s market cap to spike to $169.5M. Canary Capital Group LLC is executing an aggressive, two-pronged institutional strategy. The asset manager is set to launch its highly-anticipated spot XRP ETF on Nasdaq today, while simultaneously filing with the SEC to launch the first-ever spot MOG ETF, a fund tied to the Mog Coin (MOG) memecoin. Related: Canary’s XRP Spot ETF Becomes Effective After Nasdaq Certification The ‘Culture’ Prong: Canary Files for First Spot MOG ETF In a move that caught the market by surprise, Canary Capital s… Read The Full Article First XRP ETF (XRPC) Launched, Now MOG ETF Filed: Canary Capital’s Aggressive New Strategy On Coin Edition .
XRP in the Red on All Timeframes
