First US Spot XRP ETF Launches on Nasdaq: Whales Indicate Potential Volatility

The first US spot XRP exchange-traded fund (ETF) launched on the Nasdaq Global Market on Thursday, marking a significant moment for the adoption of cryptocurrency by institutions. This debut comes amidst conflicting signals from on-chain data hinting at potential volatility in the short term. 1 While the ETF is being touted as a validation of Ripple’s position as a mainstream financial asset, it has been marked by a series of mixed messages that could influence its impact.