Overview
- Canary Capital’s XRPC began trading on Nasdaq on Nov. 13 after Nasdaq confirmed the listing and the fund’s Form 8‑A became effective under Section 8(a).
- The spot product holds XRP directly, tracks the CME CF XRP‑USD Reference Rate, charges a 0.50% annual fee, and uses Gemini Trust Company and BitGo Trust for custody.
- Early turnover reached about $26 million in the first 30 minutes and closed near $58 million for the session, narrowly topping Bitwise’s BSOL as 2025’s biggest ETF debut.
- The ETF provides brokerage‑account access to XRP exposure without self‑custody or wallets, drawing interest from both retail traders and liquidity providers.
- Further spot XRP funds from Franklin Templeton, Bitwise, 21Shares, CoinShares, Grayscale, and WisdomTree are reported to be positioned for near‑term launches as filings advance.