
XDC Network confirms plans for launching an ETF in the US.
The primary goal is to increase adoption rate while make big fortunes with additional technology and innovation.
The open-source blockchain platform XDC Network is planning to launch its own ETF. XDC supports smart contracts based on Ethereum (EVM) and works with systems like SWIFT, making it easy to handle real-world asset transactions.
Recently, XDC co-founder Ritesh Kakkad shared that the network is using blockchain to change the way finance works. They have applied for an ETF in the U.S. The goal is to make investing easier for everyday people while also attracting large institutions and pushing adoption of the platform.
XDC Network Applies for ETF in the US
The XDC network has had developments recently with its advanced technology and diversified partnerships. Kakkad said in an interview with Fintech TV, “Now the best part is we are applying for an ETF for XDC.” He added that the company will likely launch its ETF in a couple of weeks.
This launch will definitely increase the accessibility, legitimacy, and institutional adoption of its native crypto, XDC. It will also make the process feasible for the investors to buy and sell the crypto through various brokerage platforms.
Why is XDC Applying For An ETF?
As the demand for crypto is growing, more companies are applying for ETFs or are integrating digital assets into their traditional finance. The XDC co-founder explained that companies are making big fortunes with cryptocurrencies. Those who started with small investments have become billionaires.
Kakkad said, “If you look at ETP and ETF, it just started a few months back. And after the government approval of various Bitcoin ETFs, you will see more than 40 to 50 billion worth of traditional funds come into these digital assets.”
“And now I see this is just the beginning because they are sitting on like trillions of dollars of fiat money and they are looking for a new asset,” he added.
Trust with CoinPedia:
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
Investment Disclaimer:
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored and Advertisements:
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.