#XRPETF

• XRP ETF is a financial product that holds XRP as the underlying asset and issues fund shares. After investors purchase shares, they can trade these shares on the secondary market like stocks, thereby indirectly gaining exposure to the price fluctuations of XRP without the need to directly buy, store, or manage XRP.

• Its price is primarily determined by the value of XRP, but is also influenced by factors such as the fund's net asset value (NAV), which is calculated by dividing the total value of the XRP held by the fund by the number of ETF shares outstanding, providing a benchmark for the ETF's market price.