The launch of the first spot ETF for XRP is now confirmed.
“With the official listing notification from Nasdaq, it is now certain that XRPC will begin trading tomorrow,” Bloomberg analyst Eric Balchunas said.
The ETF will be issued by Canary Capital and will trade under the symbol NASDAQ:XRPC.
According to the likely schedule, the XRP ETF will be launched by Canary Capital on November 13 with a 0.50% management fee. Then:
- November 14–18: Franklin Templeton’s appeal,
- November 19–20: Bitwise will launch an ETF with a 0.34% fee,
- November 20–22: 21Shares and CoinShares are scheduled to launch.
Canary’s XRP ETF will offer investors indirect access to XRP without opening a crypto wallet or creating an exchange account. The ETF will be available for purchase through traditional brokerages like Fidelity.
This ETF will provide investors with certain regulatory protections as the first spot XRP fund approved under the Securities Act of 1933. However, the fund’s performance will be heavily dependent on XRP price movements. Investors will not own the cryptocurrency directly, but rather through a partnership with the fund that holds the coins.
*This is not investment advice.
Source: https://en.bitcoinsistemi.com/breaking-official-listing-notice-published-for-xrp-spot-etf-launch-confirmed-for-tomorrow/
