Nasdaq Certifies Canary Capital XRP ETF for Trading Ahead of Milestone Launch Today
- Nasdaq has officially approved the $XRPC ETF, allowing it to begin trading.
- The ETF will track the XRP-USD CCIXber Reference Rate Index and is expected to launch at market open.
- Canary Capital’s fund is the first fully spot-based XRP ETF under the Securities Act of 1933, enabling direct holding of XRP.
- Analysts predict significant inflows into the ETF, comparing it to early Bitcoin and Ethereum spot ETFs.
- The approval follows a recent U.S. government shutdown resolution, which may enhance liquidity in digital assets.
The launch of the $XRP ETF marks a significant development in cryptocurrency investment options, as it allows traditional investors access to XRP through brokerage platforms.
With Nasdaq’s certification, trading for the $XRPC ETF is set to commence today, potentially leading to substantial market activity as seen with previous crypto ETFs.
