While ETF is a new segment that is adding more value to the crypto segment, we already have it for BTC and ETH. Now XRP is added in this list, and this is the third coin that has received the ETF. ETF is a legit way to invest in any cryptocurrency because this can be done using the stock market, and that opens the door for many investors to do the investment in the crypto segment or on a particular coin using their DMAT account.
Earlier, we have seen how it has added a lot of value for Bitcoin and Ethereum in the market post-ETF approval and listing on various exchanges. Now, Xrp is the 3rd coin that has also got its ETF listing, and because of this, a lot of people will be able to buy XRP in that way, and this is what can be considered as a good move in the crypto market, where we are going to see a lot of demand for the coin.
Canary Capital’s spot XRP ETF (ticker: XRPC) closed its second trading day with $26 million in volume, showing continued investor interest after a strong launch.
We have to understand that Xorp is a valuable project in the market, and now that the ETF listing is approved so we will be able to see a lot of demand, and we can also see a lot of people entering to buy XRP coin through that way. This is just the start, and things might take some time, which is obvious, but in the long run this is going to bring a lot of demand which will increase the price for the coin so I believe not is the now is not the right time to think of selling the XRP coin rather the holding for long term can be even profitable move.
This news a bull news in the market specifically about this coin which I just talked about and although I'm not sharing any financial advice but I believe this is going to bring so much value to the coin so hold on and wait how this market turns up and how much buying percentage increases over the next few weeks or the months in the market for XRP.