🛑 Historic moment: the first spot Ripple ETF has launched in the USA
Trading officially started in the USA for the first spot ETF on Ripple (#XRP). The expected trading volume on the first day is $17 million according to Bloomberg forecasts.
The ETF under the ticker #XRPC from the issuer Canary is the first product providing institutional investors direct access to XRP through regulated exchange infrastructure. This is an important milestone in legitimizing Ripple after years of regulatory battles.
The launch took place despite ongoing legal disputes between the SEC and Ripple, which shows growing market confidence in a positive outcome of the case. For the XRP ecosystem itself, this opens the door to new categories of investors.
When an asset receives its own ETF, it is always a turning point in its history.
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