REXShares Launches First XRP ETF Under 1940 Act, CanaryFunds Plans 1933 Act Spot Version

The provided evidence strongly and consistently supports both claims made in the statement. First, the claim that "REXShares launched the first XRP Exchange-Traded Fund (ETF) under the Investment Company Act of 1940" is directly corroborated by multiple sources. The high-authority CoinDesk article confirms this explicitly. This is further reinforced by news from Phemex, and two separate articles from Bitget, all of which state that the REXShares fund operates under the 1940 Act and was the first to offer partial exposure to spot XRP within that structure.Second, the claim that "CanaryFunds plans to launch a spot XRP ETF under the Securities Act of 1933" is also well-supported. The high-authority Yahoo Finance article directly confirms that Canary Funds' product is a spot ETF registered under the Securities Act of 1933. Coingape provides the same specific detail. The post from the ETF analyst on X adds contextual support by referencing the SEC filing form (S-1) associated with the 1933 Act for spot commodity ETFs, which is the structure being used for spot crypto products.There are no contradictions among the sources. The information is consistent across high- and medium-authority outlets, creating a cohesive and credible picture that aligns perfectly with the statement being assessed. The distinction between a 1940 Act fund and a 1933 Act spot fund is a key point that the sources collectively validate.