The launch of XRP’s first spot ETF has been confirmed.
“The formal listing notification from Nasdaq ensures that XRPC will begin trading tomorrow,” said Eric Balchunas, an analyst at Bloomberg.
This ETF is published by Canary Capital and trades under the symbol NASDAQ:XRPC.
According to the expected schedule, the XRP ETF is scheduled to be launched by Canary Capital on November 13th with a management fee of 0.50%. after that:
- November 14-18: Franklin Templeton Appeal;
- November 19-20: Bitwise launches ETF with 0.34% commission.
- November 20-22: 21Shares and CoinShares are scheduled to launch.
Canary's XRP ETF provides investors with indirect access to XRP without having to open a crypto wallet or create an exchange account. The ETF will be available for purchase through traditional brokerages such as Fidelity.
This ETF provides investors with certain regulatory protections as the first spot XRP fund authorized under the Securities Act of 1933. However, the performance of the Fund is highly dependent on XRP price fluctuations. Investors will not own cryptocurrencies directly, but through partnerships with funds that own the coins.
*This is not investment advice.
