XRP ETFs Hit the Market Amidst a Turbulent Cryptocurrency Landscape

Two major US-based Exchange Traded Funds (ETFs), Bitwise XRP and Canary’s XRPC, launched on the New York Stock Exchange yesterday, marking a significant milestone in the world of crypto investment. Despite the broader cryptocurrency market experiencing notable downturn, both ETFs managed to attract attention. 100% exposure to the Ripple-linked asset saw Bitwise’s new fund launch with an impressive $26 million in trading volume on its first day and Canary’s offering nearly hit $60 million just a week prior.