First XRP ETF Launches on Nasdaq, Expanding Crypto Investments Beyond Bitcoin!

Crypto

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Updated on 13 Nov 2025, 02:48 pm

Canary Capital has introduced the first exchange-traded fund (ETF) providing direct exposure to XRP, extending the cryptocurrency ETF landscape beyond existing options like Bitcoin, Ether, and Solana. The fund, named XRPC, commenced trading on the Nasdaq exchange. This new ETF is structured under the Investment Company Act of 1940, a regulation that requires the use of a qualified custodian to hold the underlying digital assets. Canary Capital, alongside Bitwise, Franklin Templeton, and 21Shares, had previously filed documentation for their spot XRP funds, with Canary Capital being the first to market. Steven McClurg, CEO of Canary Capital, stated that XRP's accessibility through an ETF will foster broader adoption and growth for a critical blockchain system, believing XRP will play a key role in the global financial system's evolution. The ETF enables traditional investors to access XRP and network-generated rewards via brokerage accounts without direct crypto asset management. XRP, which powers the Ripple payment network, utilizes a distinct consensus mechanism. The ETF's design includes yield features tied to blockchain participation, positioning it as a new category of digital asset funds that combine income potential with crypto exposure, reflecting the evolving nature of regulated crypto investment vehicles. Impact: 7/10.

Difficult Terms: ETF (Exchange-Traded Fund): A type of investment fund traded on stock exchanges, similar to individual stocks, holding assets like stocks, bonds, or commodities. XRP: A digital asset designed for fast, low-cost international payments, powering the Ripple payment network. Ripple: A company that offers blockchain-based payment solutions. XRP is the native asset of the XRP Ledger. Custodian: An institution that securely holds assets on behalf of clients; here, it holds the underlying XRP. Blockchain: A distributed, immutable digital ledger that records transactions across many computers. Proof-of-Stake (PoS): A blockchain consensus mechanism where validators are chosen based on the amount of cryptocurrency they 'stake' or hold.