The first immediate listing of XRP in America, and the largest daily opening this year so far, this launch is considered a historic step that makes XRP the sixth digital currency to obtain an official U.S. Spot ETF after (BTC, ETH, SOL, HBAR, LTC).
💡What does the listing of currency $XRP on the spot trading exchange mean:
An investment fund that is traded on the exchange just like regular stocks (like Apple or Tesla shares), but it does not own companies; instead, it owns a specific asset (like gold, oil, or a digital currency).
In the case of digital currencies (like Canary XRP ETF): the fund buys and holds large amounts of real XRP.
It issues shares on the exchange (symbol XRPC).
Any investor (even if they don't have a crypto wallet) can buy these shares from their regular bank account or trading app.
The share price moves almost in line with the price movement of real XRP.
Main advantages: Safe and regulated (under the supervision of the U.S. Securities and Exchange Commission SEC).
Pension funds and large institutions can easily invest in it.
It opens the door for billions of dollars to enter the crypto market.
Practical example: If you bought one share of XRPC at a price of $50 today, you indirectly own a piece of XRP, and if the price of XRP rises by 10% tomorrow, your share price will likely rise by the same percentage.
