anary Capital is set to pause new crypto ETF filings for the rest of the year, with CEO Steve McClurg saying the firm has already submitted applications for every asset that fits within current SEC guidelines.

In an interview with CoinDesk, McClurg said this week’s launch of the firm’s spot XRP ETF—along with a forthcoming Solana product—completes the lineup of tokens that qualify under the regulator’s “generic listing standards.”

“Once the Solana ETF is filed, we’ll have covered everything that falls under the generic listing standards,” McClurg said, referring to the SEC rules that allow certain crypto ETFs to advance without extensive review. To meet these standards, a crypto asset must meet criteria such as having a futures market active for at least six months—a requirement that limits eligibility to only a handful of tokens.

With the current pipeline complete, Canary plans to shift its attention toward managing existing products and monitoring potential changes in the SEC’s approach to crypto ETFs. Future launches will depend on whether new assets qualify under the generic rules or require approval through the more complex 19b-4 process, McClurg added.

On Thursday, Canary introduced the first spot XRP ETF to the market. The product debuted with $58 million in trading volume, making it one of the strongest ETF launches of the year, according to Bloomberg ETF analyst Eric Balchunas.

McClurg said he expects the XRP fund to surpass the performance of recently launched Solana ETFs, noting that XRP’s network remains more familiar and accessible to traditional finance participants compared to Solana’s more crypto-native audience