XRP ETF Makes Historic Wall Street Debut as Trading Begins on Nasdaq

The Canary XRP ETF, now trading on Nasdaq under the ticker XRPC, printed its opening trade at $40, marking the start of regulated spot exposure to XRP through a mainstream investment vehicle. At the time of writing XRPC is trading around $26.30.

The launch, years in the making, immediately drew attention across traditional and crypto markets. Traders watching the first ticks described the debut as the beginning of genuine price discovery for institutional-grade XRP exposure.

A new on-ramp for institutional XRP allocation

Canary Capital, the firm behind the ETF, said the product was built for investors who want access to XRP’s underlying utility without navigating exchanges or self-custody requirements. The company emphasized that XRP’s role in global payments was a driving force behind the ETF’s creation.

According to Canary, XRP has long stood apart from many digital assets because of its focus on real-world function rather than speculative storage. The XRP Ledger — the network powering the asset — is engineered to execute near-instant transfers, support cross-border settlement, and enable tokenization and liquidity protocols at scale.

The Ledger has been processing transactions reliably since 2012, consumes minimal energy, and was designed from the start to make moving value as simple as sending an email. These characteristics, Canary argues, are central to the digital asset’s durability and its appeal to financial institutions.

Canary’s leadership said the new ETF is meant to reflect that practical foundation. They described XRP as one of the most mature and widely integrated digital assets in circulation, noting that demand is rising as the market shifts toward assets with established enterprise adoption.

Chart shows steady XRP market as ETF goes live

On the cryptocurrency markets, XRP traded around $2.47 during the ETF’s debut. The 4-hour chart shows consolidation following recent volatility, with buyers and sellers attempting to establish direction amid the broader market cooldown.

Technical indicators reflect a wait-and-see environment:

• MACD remains close to neutral, hinting that momentum may build once ETF flows normalize.
• RSI hovers around 55, suggesting balanced conditions without strong overbought or oversold pressure.

While the ETF launch did not immediately shock spot markets, analysts expect the effect to unfold in the coming sessions as institutional desks evaluate the new product.

Why XRPC matters

The debut of XRPC expands the presence of distributed finance within traditional market infrastructure. By offering direct XRP exposure inside a regulated ETF wrapper, Canary Capital aims to make the asset accessible to a broader class of investors – including institutions that cannot hold tokens directly.

The firm said the ETF aligns with a growing recognition that digital assets with real-world utility, especially in payments and settlement, are likely to attract sustained interest as the next phase of blockchain adoption unfolds.

XRP’s positioning at the border between traditional financial systems and blockchain-native applications is central to that thesis. Canary believes the asset’s established payment rails, scalability, and long operational history put it in a unique category within the digital asset landscape.

XRPC, they argue, gives investors a bridge into that ecosystem without navigating the complexities of wallets, exchanges, custody procedures, or direct network interaction.

A defining moment for XRP

With the ETF now trading live, analysts expect a new wave of participants to enter the XRP market over time — particularly institutions that require regulated structures before allocating capital.

As the first trade flashed across Nasdaq screens at $26.40, one sentiment echoed across both digital-asset circles and traditional finance desks:
This marks the start of a new era for XRP’s presence on Wall Street — and the opening phase of genuine, regulated price discovery.

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