Ripple-Linked XRP Token Rises on ETF Launch — WSJ
By Vicky Ge HuangThe cryptocurrency XRP rose about 3% Thursday morning after the first U.S. exchange-traded fund holding the token began trading.The fund, launched by crypto asset manager Canary Capital, saw about $26 million worth of shares changing hands in the first 30 minutes of trading, according to Bloomberg data.It is among the initial wave of crypto ETFs launched under the Securities and Exchange Commission's new, streamlined listing standards, said Steven McClurg, Canary Capital's chief executive.With a market cap of about $146 billion, XRP is the fourth-largest cryptocurrency behind bitcoin, ether and tether, a dollar-pegged stablecoin.This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).