U.S. Launches First XRP ETF, Surging Demand Reaches $26 Million in Half Hour
The recent launch of the first U.S. spot XRP exchange-traded fund (ETF), XRPC, has sparked significant interest in the cryptocurrency market. Trading on Nasdaq, the ETF achieved an impressive $26 million in volume within just 30 minutes, reflecting strong investor demand.
This surge follows a week of anticipation, as XRP had already seen a notable price increase of nearly 10%. The ETF offers investors a simplified pathway to access XRP without the challenges of self-custody.
As institutional adoption rises, XRP is increasingly recognized as a viable digital asset for global payments. This debut marks a pivotal moment, positioning XRP favorably among alternative investments in the cryptocurrency landscape.
The press radar on this topic:
Canary Capital Launches Spot XRP ETF (XRPC), Delivering Simplified Access to a Foundational Blockchain Asset
XRP ETF sees $26m in opening volume in first 30 min of trading
XRP Surges as First US Spot ETF Debuts on Nasdaq
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