Canary, a prominent player in the financial sector, is likely to take a step back and temporarily halt its filings for Exchange-Traded Funds (ETFs) that involve XRP, a digital asset that has been under scrutiny. The company appears to be closely monitoring changes in the regulatory landscape set forth by the Securities and Exchange Commission (SEC) to determine its next course of action regarding these financial products. This strategic pause may be a response to recent developments and signals from the SEC that could significantly impact the future of XRP-related ETF initiatives.
source: https://www.coindesk.com/markets/2025/11/14/canary-likely-to-hit-pause-on-etf-filings-with-xrp-eyes-sec-shift-for-what-s-next