Spot XRP ETF Launches on Nasdaq, Marking Ripple’s Arrival in Mainstream Finance

XRP spot ETF launches on Nasdaq with price surge to $2.48, featuring green upward chart arrow, XRP token logo, and blockchain network visualization representing institutional crypto adoption milestone

A landmark moment for the crypto market arrived Thursday when the first U.S. spot XRP exchange-traded fund (ETF) went live on the Nasdaq Stock Market, triggering a sharp uptick in XRP trading and institutional interest. Backed by full spot exposure and regulated custody, the product marks a significant expansion of the ETF framework beyond the two major assets. Asset manager Canary Capital has launched the first U.S.-listed spot XRP ETF, ticker XRPC, following certification by Nasdaq ahead of the U.S. market open. The fund is backed 100% by XRP held…