XRP News: Spot ETF (XRPC) Arrives
Canary Capital launched the first spot XRP exchange-traded fund (ETF), XRPC, trading on the Nasdaq.Summary
Canary Capital has launched the first spot exchange-traded fund (ETF) offering exposure to XRP, expanding the crypto ETF market beyond existing Bitcoin, Ether, and Solana funds. The fund, trading on the Nasdaq under the ticker XRPC, is structured under the Investment Company Act of 1940, requiring a qualified custodian for asset holding. Canary Capital's CEO, Steven McClurg, stated that ETF accessibility will drive adoption for the critical blockchain system. The fund allows traditional investors to access XRP and network-generated rewards via brokerage accounts without direct crypto management. Uniquely, the ETF incorporates yield features tied to blockchain participation, positioning it within a new category of digital asset funds.
(Source：CoinDesk)