XRP’s ETF Debut: Institutional Breakthrough Meets Network Reality

The cryptocurrency landscape has reached a pivotal moment with the arrival of the first U.S. spot ETF for XRP. While trading activity surged dramatically following the launch, underlying network metrics reveal a more complex narrative. This development raises crucial questions about whether institutional enthusiasm can translate into sustainable growth for the digital asset.

Trading commenced for the Canary Capital Spot XRP ETF on November 13 through Nasdaq, establishing a significant milestone for digital asset investment vehicles beyond the dominant Bitcoin and Ethereum products. Regulatory approval proceeded through an automated clearance mechanism with unexpected smoothness, facilitating the product’s market entry.

Market response proved immediate and substantial. Trading volume skyrocketed by 31 percent Read more...