Scan to Download Gate App
qrCode
More Download Options
Don't remind me again today

XRPL Foundation Board Director Explains Why XRP Price Is Down Despite ETF Launch

robot
Abstract generation in progress

The XRP community continues to discuss why XRP’s price failed to rally following the launch of the highly anticipated Canary Capital XRP ETF (XRPC).

While the fund posted one of the strongest ETF debuts of 2025, pulling in $245 million on day one, XRP’s price continued drifting lower.

“ETF Trading Happens on the Stock Market, Not Crypto Exchanges”

In a post on X, Marzella noted that many people expected the price to shoot up as soon as XRPC began trading. But the structure of ETF settlement explains why that didn’t happen.

According to him, ETF trades occur on the stock market, not on crypto exchanges, where spot XRP is bought and sold.

XRP-4.28%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)