The first U.S. spot XRP ETF.

The first XRP ETF in the United States started trading today, giving institutional investors their first opportunity to access XRP.

The launch comes after Ripple's recent $500 million funding round, led by Citadel Securities, and the dismissal of the SEC case, which clarifies regulation for the asset in U.S. markets.

XRP isn't classified as a security, and the ETF simply puts its market exposure into a structure institutions can hold, which improves liquidity, custody, and allocation.

With Bitcoin and Ethereum already accessible in ETF format, XRP's addition broadens the range of assets institutions can access.