XRP ETF Launch From Canary to Trigger Billions In Demand As Exchange Supply Stays Thin
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- Canary’s XRP ETF has its SEC registration filing and Nasdaq listing in place, so trading can start as soon as Thursday
- JPMorgan sees $3B to $8B in first-year XRP ETF inflows, which could strain the 3–5B XRP sitting on exchanges
- Ripple is adding policy links and ISO 20022 adoption is peaking, giving institutions more reasons to plug into XRP
XRP is gaining momentum in the lead-up to the launch of the first spot XRP exchange-traded fund (ETF) in the United States. The Securities and Exchange Commission (SEC) has approved Canary Capital’s ETF listing on Nasdaq, with trading scheduled to begin on Thursday. The fund will track the XRP-USD CCIXber Reference Rate Index, charge a 0.50% management fee, and hold custody through Gemini and BitGo.
Related: XRP Price Prediction: DTCC ETF Listings Spark 5 Percent Rally but Can Bulls Break $2.65
Institutional Inflows A…
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