Canary Capital claims its XRP ETF surpasses all other XRP ETFs combined
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.
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.
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