Debut of XRP on the U.S. Stock Exchange

Financial instruments with exposure to XRP had a successful debut on the Cboe BZX stock exchange in the United States, marking an important milestone for the cryptocurrency on Wall Street.

This stock market access was facilitated by the recent SEC approvals of generic standards for Exchange Traded Products (ETPs), allowing funds like the Grayscale Digital Large Cap Fund (GDLC), which includes XRP, to start trading.

Key Results of the Launch

Strong Demand: A fund with exposure to XRP recorded nearly $38 million in inflows on its first trading day.

Historic Milestone: This inflow volume was rated as the "best ETF/ETP launch of this year" at the time of its debut.

Significance: The trading of these stock market products allows traditional investors and large capital to gain exposure to XRP without the complexity of using cryptocurrency exchanges or digital wallets, indicating a strong and growing institutional appetite. The partial legal victory of Ripple against the SEC has paved the way for this type of product.$XRP