First spot XRP ETF starts trading in US
Key Takeaways
- The Canary XRP ETF began trading on November 13 after being certified by Nasdaq.
- The fund is designed to reflect network performance across payments and liquidity protocols, leveraging XRP’s established utility in cross-border transfers.
The Canary XRP ETF (XRPC) debuted trading today as the first US-listed fund to track the spot price of XRP, the native token of the XRP Ledger. The launch marks a major milestone for institutional access to the digital asset designed for fast and low-cost international payments.
Canary Capital’s spot XRP ETF received listing approval to trade on the Nasdaq exchange on Wednesday, providing investors with direct exposure to XRP’s current market price through traditional stock exchanges.
The ETF’s debut follows a period of regulatory clarity that enabled spot-based crypto investment vehicles to operate within established financial frameworks, representing another step in integrating digital assets into regulated US markets.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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