Key facts: Canary Funds updates XRP ETF filing; institutional buying rises; payment volume drops

Key facts: Canary Funds updates XRP ETF filing; institutional buying rises; payment volume drops — TradingView News

• Canary Funds updated its S-1 registration for an XRP ETF, removing a delay. The filing becomes effective in 20 days, with a potential launch on November 13, pending Nasdaq’s approval.12
• Institutional buying is expected to limit XRP supply, as firms plan major investments, boosting its appeal and aligning it with Bitcoin and Ethereum for mainstream investors.3
• XRP’s payment volume has dropped, indicating a possible short-term slowdown in remittance and institutional activity. This trend may signal reduced organic usage as XRP aims to recover market share.4