Canary Capital's Spot XRP ETF (code XRPC) has been launched on NASDAQ, marking the first ETF product in the United States to directly hold XRP Token, rather than futures or derivation.

Core Data:
• The market value of XRP reached 143 billion dollars, far surpassing other newly launched altcoin ETFs.
• The trading volume of SOL, LTC, and HBAR ETFs exceeded $100 million in the first week, and XRPC is expected to surpass these products.
• The Czech central bank spent $1 million to purchase Bitcoin and stablecoins for research on digital asset management.
• XRP is currently trading at $2.39, down 6% in the last 24 hours.

Highlights: This wave is a signal for institutional entry. From the US SEC approving Spot ETFs to the European Central Bank and the Bank of England researching digital assets, traditional finance is embracing crypto. What does it mean for XRP, as a star project in cross-border payments, to gain a compliant channel? You can think for yourselves.

Risk warning: JPMorgan raises BTC target price to $94,000, but market sentiment still needs to be observed.