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Key Takeaways
- Canary Capital's XRPC ETF has exceeded the size of all other spot $XRP ETFs combined as per the company's claim.
- XRPC is listed on Nasdaq, offering regulated $XRP exposure through a traditional ETF.
Canary Capital claims its XRPC ETF has grown larger than all other spot $XRP ETFs combined, according to a new statement from the investment firm specializing in crypto-focused exchange-traded funds.
XRPC launched as one of the first spot $XRP ETFs in the US, trading on Nasdaq and providing regulated exposure to the $XRP cryptocurrency through a traditional ETF structure. The fund enables simplified access to $XRP’s blockchain features like rapid settlements and minimal fees.
Canary Capital has expanded its crypto ETF portfolio to include spot funds for assets like $XRP, HBAR, and Litecoin to facilitate mainstream institutional adoption. The firm issued a press release highlighting XRPC’s first-mover advantage in capturing investor interest over competing products.
The company positioned XRPC as demonstrating strong investor demand compared to subsequent $XRP ETF offerings in the current competitive landscape.