what's Canary XRP ETF?

The Canary XRP ETF (XRPC) is an exchange-traded fund managed by Canary Capital that seeks to provide investors with direct exposure to the value of XRP, a cryptocurrency associated with the Ripple network. The fund holds XRP as its primary asset, with net asset value determined by reference to the CME CF Ripple – Dollar Reference Rate – New York Variant, aggregated from major trading platforms. Structured under the Investment Company Act of 1940, it utilizes a qualified custodian for secure storage and trades on Nasdaq, enabling access through standard brokerage accounts.

Canary XRP ETF launched late Nov 2025 as a spot ETF with record day-one volumes.