XRP News Today: SEC Gives Green Light to XRP ETF, Signaling a Major Regulatory Milestone for Cryptocurrency
- SEC approves first XRP ETF (XRPC) by Canary Capital, marking regulatory milestone for Ripple after years of legal scrutiny. - XRP surged 12% post-approval as institutional demand grows, with projected $5B inflows and 0.5% management fee. - ETF aligns with new SEC rules for commodity-based funds, accelerating XRP's potential normalization in traditional portfolios. - Institutional custodians and partners like Gemini and U.S. Bancorp support the fund, mirroring Bitcoin/Ethereum ETF success trajectories. -
The U.S. Securities and Exchange Commission has approved the first spot
Structured under the Securities Act of 1933, the ETF
The market responded instantly. XRP
The ETF’s debut comes as several XRP-related funds are in the pipeline.
Institutional participants are acting quickly as well.
Yet technical signals are mixed. While
Despite these challenges, the ETF’s introduction is a symbolic win for XRP. After a five-year legal standoff with the SEC,
As trading nears, investors will monitor inflows and price steadiness. With a 0.5% fee, competitive among crypto ETFs, the fund is positioned to capture part of the $50 billion digital asset ETF sector. For XRP, the future hinges on regulatory transparency and institutional uptake—a journey that now has a clear beginning.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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