study time:< 1minutes
The crypto market witnessed a historic event today; Nasdaq has officially approved the transactions of Canary Capital’s Spot Ripple ETF.
The fund will launch today under the symbol XRPC and will allow investors to invest in XRP through traditional brokerage platforms without purchasing the token directly.
This approval was issued following a final Form 8-A filing with the Securities and Exchange Commission (SEC) and makes Canary the first issuer of a Spot Ripple ETF under the Securities Act of 1933.
This news is published in the context that after the end of the shutdown of the American government and the signing of the budget bill by Trump, the bullish sentiments in the cryptocurrency market have been strengthened again. Analysts expect the ETF to attract significant capital, similar to what has been seen for spot ETFs in Bitcoin and Ethereum.
According to experts, the increase in regulatory transparency and the entry of institutional investors through ETFs can increase demand and stabilize XRP’s position among the top market assets.
At the time of writing, Ripple is trading at $2.46, up 2.6% in the last 24 hours.
Latest Passing over countries : Spain | Dominica | United Arab Emirates
RCO NEWS
