XRP News: Spot ETF (XRPC) Arrives
CoinDesk
Canary Capital launched the first spot XRP exchange-traded fund (ETF), trading on the Nasdaq under the ticker XRPC.Summary
Canary Capital has introduced the first exchange-traded fund (ETF) providing spot exposure to XRP, expanding the crypto ETF market beyond existing funds for Bitcoin, Ether, and Solana. The fund, trading on the Nasdaq under the ticker XRPC, is structured under the Investment Company Act of 1940, requiring a qualified custodian for the underlying assets. Canary Capital CEO Steven McClurg stated that ETF accessibility will drive adoption for the established digital asset. This new fund allows traditional investors to access XRP and network-generated rewards without direct crypto management, reflecting an industry trend toward packaging blockchain-native features like yield into regulated investment vehicles.
(Source：CoinDesk)