Canary XRP ETF attracts $245 million in net inflows on first trading day
Key Takeaways
- Canary's spot XRP ETF made a strong debut on November 13, drawing in nearly $245 million in net inflows.
- This ETF is the first US spot XRP ETF and is listed on the Nasdaq.
Canary Capital clients purchased $245 million worth of XRP through the firm’s newly launched spot XRP ETF on its first day of trading. The fund is the first US spot XRP ETF, giving investors direct exposure to XRP through a traditional, regulated investment vehicle.
Canary Capital’s spot XRP ETF debuted on Nasdaq under the ticker XRPC, enabling mainstream investors to access XRP through traditional brokerage accounts. The ETF structure requires custodians to hold physical XRP to back shares, creating institutional demand for the underlying asset.
The XRPC fund currently manages nearly 109 million XRP valued at over $250 million, according to its holding disclosure.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Regulation and Innovation: The Struggle Over Crypto's Proof of Reserves Will Define Its Future
- Proof of Reserves (PoR) has become a trust cornerstone in crypto, with regulators and exchanges prioritizing transparency post-FTX collapse. - The 2025 "flash crash" and new CLARITY/GENIUS Acts reinforce PoR's role, mandating stablecoin reserves and monthly audits under federal oversight. - BNY's stablecoin fund and 21Shares' ETFs show crypto-traditional finance integration, while a16z warns overregulation risks stifling DeFi innovation. - Technological solutions like zk-STARKs enable private yet verifia
Alibaba’s Tokenized Payment Set to Transform International Trade with Real-Time Settlements
- Alibaba and JPMorgan launch Agentic Pay, a tokenized B2B payment system using deposit tokens for instant cross-border settlements. - The platform integrates AI for automated contract generation, streamlining trade documentation while avoiding stablecoins and crypto volatility. - Backed by bank-held fiat deposits (JPMorgan's JPMD tokens), it aligns with China's regulatory preferences and offers yield-bearing features for institutional users. - Projected to process billions annually, the system could redef
The PLG Dilemma: Why Sales Remains the Overlooked Key to Revenue
- Product-led growth (PLG) prioritizes product adoption but risks undervaluing structured sales strategies, creating a blind spot for non-technical leaders. - Non-technical operators must act as "Translator-in-Chiefs," aligning technical innovation with market demand through three pillars: product architecture understanding, systematized sales forecasting, and CFO-focused financial metrics. - By institutionalizing sales as a revenue blueprint rather than a cost center, PLG startups can transform innovation
Fed’s Internal Differences and Lagging Data Put Dollar at a Turning Point While Euro Strengthens
- EUR/USD climbed to 1.1590 as weak U.S. labor data and Fed policy splits fueled dollar weakness expectations. - Fed officials diverged on rate cuts: Moran favored 50-basis-point cut, Collins opposed, while Musalem noted inflation near 3%. - ECB's projected rate stability through 2027 contrasts with Fed's 125-basis-point easing by 2026, boosting euro despite global risks. - Market pricing for December Fed cuts dropped to 55% as delayed NFP data and mixed CPI components heighten uncertainty. - Technical ind
