The first US Spot XRP ETF may launch on Thursday.

Canary Funds' XRP Trust is on its way to becoming the first pure spot XRP Exchange-Traded Fund (ETF) in the U.S. This development will be made possible with Nasdaq approval.

The launch of the ETF has the potential to increase XRP's liquidity. At the same time, it may attract the attention of investment advisors who are hesitant to engage directly with cryptocurrencies.

This approval will be a significant milestone for Ripple and the broader crypto market. The crypto world will find an opportunity to expand beyond just Bitcoin and Ethereum.