Canary XRP ETF attracts $245 million in internet inflows on first buying and selling day

Key Takeaways

Canary’s spot XRP ETF made a robust debut on November 13, drawing in practically $245 million in internet inflows.
This ETF is the primary US spot XRP ETF and is listed on the Nasdaq.

Canary Capital purchasers bought $245 million price of XRP via the agency’s newly launched spot XRP ETF on its first day of buying and selling. The fund is the primary US spot XRP ETF, giving buyers direct publicity to XRP via a standard, regulated funding car.

Canary Capital’s spot XRP ETF debuted on Nasdaq beneath the ticker XRPC, enabling mainstream buyers to entry XRP via conventional brokerage accounts. The ETF construction requires custodians to carry bodily XRP to again shares, creating institutional demand for the underlying asset.

The XRPC fund at present manages practically 109 million XRP valued at over $250 million, in response to its holding disclosure.