First U.S. XRP Spot ETF Goes Live — Canary Capital Debuts, $100 Talk
Canary Capital’s XRP spot ETF begins trading in U.S. markets today after gaining SEC approval, marking the first time investors can access XRP through a dedicated U.S.-listed spot vehicle. The approval is a notable milestone for institutional adoption: ETFs often attract larger, steadier capital flows than retail traders, which can increase liquidity and compress bid-ask spreads in the underlying spot market. Market commentators have seized on the launch to renew bullish price forecasts—some optimistic scenarios even peg a path toward $100—driven by potential sustained inflows and broader acceptance. Those targets remain highly speculative; the ETF’s impact will depend on actual fund flows, macro conditions, and ongoing regulatory signals. For traders and investors, the event matters because it alters access and market structure for XRP, but risks and volatility will persist as the new product finds its footing.