SBI Chief Highlights ¥30,000,000,000 as Canary Readies XRP-Only 33 Act ETF

Published at 2025-11-13 15:18:13

SBI Group’s leadership drew attention to ¥30,000,000,000 tied to XRP just as Canary moves to debut what it calls the first pure‑play 33 Act ETF composed solely of XRP. Canary’s filing and SBI’s public emphasis together signal an intensifying push to package XRP into a regulated, exchange-traded vehicle — a development that would be notable for investor access and product clarity.

Why it matters: a dedicated XRP ETF could channel new institutional flows, improve on‑exchange liquidity, and change how many firms allocate to XRP in portfolios. The highlighted yen amount underscores the scale some stakeholders are discussing; while not a guarantee of immediate price moves, the combination of product innovation and institutional attention is a clear positive for market structure and broader adoption.

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Ripple and UC Berkeley today unveiled UDAX, an accelerator for projects building on the XRP Ledger; nine startups completed the pilot and received technical mentorship and VC introductions. The program aims to deepen developer activity and drive real-world use cases for XRP Ledger technology.

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