XRP ETF Debuts on Nasdaq, Solana Gains Dominance on Kraken’s xStocks Platform
XRP ETF Debuts on Nasdaq, Solana Gains Dominance on Kraken’s xStocks Platform
The crypto market sees significant developments with the launch of the first U.S. spot ETF for XRP, named XRPC ETF, on Nasdaq. This milestone for Ripple has triggered a surge in XRP's price. Concurrently, Kraken’s tokenized stock platform, xStocks, has reached $10 billion in total trading volume, showcasing strong adoption. While supporting networks like Ethereum, the platform reports that the majority of capital is now concentrated on Solana, highlighting its growing influence.
XRP Sees Major Milestone with First U.S. Spot ETF Launch on Nasdaq
The landscape of digital asset investment witnessed a significant shift with the debut of the first U.S. spot ETF for XRP. Canary Capital’s XRPC ETF commenced trading on Nasdaq, marking a crucial milestone for Ripple and the broader XRP ecosystem. This development has been met with considerable market enthusiasm, reflected in a notable surge in the price of XRP. The launch signals increasing institutional acceptance and accessibility for the cryptocurrency in regulated financial markets.
Kraken’s xStocks Achieves $10 Billion Volume, Solana Emerges as Capital Hub
Elsewhere in the market, Kraken’s innovative tokenized stock platform, xStocks, has crossed an impressive benchmark, achieving $10 billion in total trading volume. This platform facilitates access to traditional equities in a tokenized format, leveraging the efficiencies of blockchain technology. While xStocks supports a range of underlying networks, including established players like Ethereum, recent data indicates a clear trend: the majority of capital flowing into and concentrated on the platform is now directed towards Solana. This highlights Solana's growing utility and appeal as a high-performance blockchain for sophisticated financial applications and tokenized assets.