Essential factors
- Canary Capital’s XRPC ETF, the corporate claims, is bigger than all different spot XRP ETFs mixed.
- XRPC is listed on Nasdaq and gives regulated XRP publicity via conventional ETFs.
Canary Capital claims its XRPC ETF has grown bigger than all different spot XRP ETFs mixed, in line with a brand new assertion from the cryptocurrency-focused exchange-traded fund funding agency.
XRPC was launched as one of many first spot XRP ETFs in america, buying and selling on the Nasdaq and providing regulated publicity to the XRP cryptocurrency via a standard ETF construction. The fund offers quick access to XRP’s blockchain options, together with quick settlement and minimal charges.
Canary Capital has expanded its cryptocurrency ETF portfolio to incorporate spot funds for property reminiscent of XRP, HBAR, and Litecoin, driving adoption by mainstream institutional buyers. The corporate issued a press launch highlighting XRPC’s first-mover benefit in attracting investor curiosity in comparison with competing merchandise.
The corporate positions XRPC as exhibiting sturdy investor demand in comparison with subsequent XRP ETF merchandise within the present aggressive surroundings.
