XRPC ETF Goes Live on Nasdaq, Offering Exposure to XRP Ledger
TLDR
- Canary Capital’s XRPC ETF officially launched on Nasdaq, marking the first-ever spot XRP ETF in the U.S.
- Nasdaq certified the XRPC ETF, which became effective at 5:30 p.m. ET on November 12.
- The XRPC ETF provides exposure to the XRP Ledger, focusing on network performance in payments and liquidity.
- Canary Capital highlights XRP’s efficiency, scalability, and interoperability in global payment solutions.
- Steven McClurg, CEO of Canary Funds, expressed excitement about the ETF’s approval and launch.
Canary Capital has officially launched the first-ever pure-play spot XRP ETF in the U.S. The Nasdaq certified the listing of the XRPC ETF, which began trading at the U.S. market open on Thursday. The ETF, XRPC, aims to provide exposure to the native token of the XRP Ledger, focusing on network performance across payment and liquidity protocols.
Nasdaq Certifies XRPC XRP ETF
At 5:30 p.m. ET on Nov. 12, Nasdaq certified the launch of the XRPC XRP ETF. This approval marked one of the fastest through the SEC’s 8(a) automatic-effectiveness process. Canary Capital’s XRPC ETF was made available to investors starting with the market opening on Thursday.
XRPC tracks the performance of the XRP Ledger, built for fast and low-cost cross-border transfers. The ETF reflects XRP’s utility in global payments, facilitating enterprise and fintech adoption. Canary Capital emphasizes the efficiency, scalability, and interoperability that the XRP Ledger offers within distributed finance.
XRPC ETF Gains Momentum with Market Confidence
Canary Capital expressed confidence in XRP’s potential as a leading framework for global payments. “We are excited to go effective with the first single-token spot XRP ETF,” said Steven McClurg, CEO of Canary Funds. McClurg credited the leadership at the SEC for enabling the ETF’s approval.
XRPC offers a clear view of the XRP Ledger’s role in streamlining payment solutions. The ETF is designed for institutional investors seeking exposure to XRP, aligning with previous successful launches of spot ETPs. Analysts expect the XRPC ETF to attract strong institutional flows, further solidifying XRP’s market presence.
The approval of XRPC underscores growing institutional interest in the XRP ecosystem. Canary Capital is optimistic that the ETF will foster broader acceptance of XRP as a key player in the digital asset space.
The post XRPC ETF Goes Live on Nasdaq, Offering Exposure to XRP Ledger appeared first on CoinCentral.
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