Bitcoin News

XRP ETF XRPC Set to Launch This Thursday

The first spot XRP ETF, XRPC, is expected to debut soon pending Nasdaq certification.

  • XRPC may become the first spot XRP ETF launching this week.
  • Final Nasdaq approval is the last step before trading begins.
  • Could this ETF drive a new bullish wave for XRP?

XRP might be entering a new era. The first-ever spot XRP exchange-traded fund (ETF), named XRPC, is set to debut as early as this Thursday. All that stands in its way is final certification from Nasdaq, which is expected to be completed within days.

ETFs are a big deal in crypto. Bitcoin saw significant price surges when its own spot ETFs were approved, as institutional money finally had a regulated way to gain exposure. If history repeats, XRP might follow a similar trajectory.

What Makes XRPC Special?

XRPC is designed to track the price of XRP directly, offering both retail and institutional investors a safer, regulated vehicle to invest in XRP without holding the tokens themselves. Unlike futures-based products, a spot ETF requires actual purchases of XRP, potentially increasing demand.

The news of the pending approval already has the XRP community buzzing. If approved, it will mark a significant milestone — not just for Ripple, but for the broader altcoin ecosystem. It’s not just about price speculation; it’s about legitimacy and access.

Is a Bullish Breakout Ahead for XRP?

While XRP has underperformed compared to other major cryptocurrencies in recent months, this ETF announcement could flip the narrative. Institutional interest tends to bring more volume, higher confidence, and potentially a more stable market.

However, caution is advised. Much depends on final approval and investor response. If XRPC sees high inflows, XRP could rally. If the market reacts lukewarmly, it may take more than an ETF to move the needle.

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Disclaimer: The content on CoinoMedia is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency investments carry risks, and readers should conduct their own research before making any decisions. CoinoMedia is not responsible for any losses or actions taken based on the information provided.

Aurelien Sage

Aurelien Sage is a blockchain enthusiast and writer, crafting insightful articles on decentralized technologies, Web3, and the future of finance. His work simplifies complex concepts, empowering readers to navigate the evolving crypto landscape with confidence.

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