nasdaqlaunch

Canary Capital has launched the first U.S.-based spot $XRP exchange-traded fund (ETF), joining the growing list of crypto ETFs that already include $BTC , Ether, and, most recently, Solana.
The fund comes after Canary Capital re-submitted its application under the Investment Company Act of 1940 earlier this month, making it the first spot XRP ETF to hit the market. The ETF will trade on Nasdaq under the ticker XRPC starting today and is structured to meet regulatory standards, including using a qualified custodian to hold the underlying XRP assets.
Over the past 24 hours, $XRP has risen slightly to $2.46, with a 7.8% increase over the past week, outperforming many major cryptocurrencies.
Other firms, including Bitwise, Franklin Templeton, and 21Shares, have also filed applications for spot XRP ETFs, but Canary Capital is the first to launch.
Steven McClurg, COO of Canary Capital, commented:

"XRP is one of the most widely used and established digital assets globally. Offering access through an ETF could drive the next wave of adoption and growth in the Ripple network. We see XRP playing a crucial role in the evolution of the global financial system."
The ETF provides traditional investors with a way to gain exposure to XRP and potential network-generated rewards without directly managing crypto holdings. Unlike proof-of-stake networks such as Ethereum or Solana, XRP operates on a consensus mechanism. The fund’s structure also includes yield-related features tied to blockchain participation, creating a hybrid investment model that blends crypto exposure with potential income.
This launch highlights a broader trend in the crypto ETF sector, as fund issuers and regulators explore ways to integrate blockchain-native features like staking and yield into fully regulated investment products accessible to mainstream investors.
#XRPETF #CryptoInvesting #RippleXRP #NasdaqLaunch #CryptoAdoption