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Stock impact report

Canary Capital Launches Spot XRP ETF (XRPC), Delivering Simplified Access to a Foundational Blockchain Asset

Canary XRP ETF (XRPC) 
Company Research Source: Business Wire
BRENTWOOD, Tenn.--(BUSINESS WIRE)--Canary Capital Group LLC (“Canary Capital”), a digital asset–focused investment firm, today announced the launch of the Canary XRP ETF (NASDAQ: XRPC), a U.S. exchange-traded product providing spot exposure to XRP, the native token of the XRP Ledger.“XRP is one of the most established and widely used digital assets in the world, accessibility to XRP through an ETF will enable the next wave of adoption and growth in a critical blockchain system,” says Steven McClurg, CEO of Canary Capital.1As the digital asset market evolves beyond Bitcoin, investors are increasingly looking to tokens with real-world use cases and institutional adoption. XRP powers the XRP Ledger (XRPL), a global payment and settlement network designed to move value quickly and efficiently. The XRP Ledger was created to make transferring money as easy as sending an email, settling transactions in just a few seconds, with minimal fees, and without the delays or costs of traditional Show less Read more
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