Canary Spot's XRP ETF now has an official ticker symbol.

crypthub

1 day ago

Spot XRP ETF Development

Canary Capital’s highly anticipated Spot XRP Exchange-Traded Fund (ETF) has received its ticker symbol, XRPC, marking a significant step toward market readiness. This development follows months of speculation and filings, bringing the possibility of a crypto-backed fund closer to reality. Chad Steingraber confirmed the ticker assignment and detailed a 0.5% management fee.

Ticker and Fee Details

The Spot XRP ETF will trade under the ticker symbol “XRPC,” if approved and listed. The fund’s structure aims to track the performance of XRP held in regulated custody. A 0.5% annual management fee will be charged, covering standard operating expenses and positioned competitively for both institutional and retail investors.

Future Outlook for XRP

The assignment of the XRPC ticker represents a milestone for the XRP ecosystem, potentially facilitating institutional adoption and providing a regulated gateway for investors. While final regulatory approval and an official listing are still pending, the progress signals a move toward bridging the gap between digital assets and traditional finance.