Canary XRP ETF (XRPC)
NASDAQ (NMS) NASDAQ (NMS) Primary Summary
XRPC Chart
Canary XRP ETF: A Clean, Spot-Based Approach To XRP Exposure
XRPC provides direct spot exposure to XRP, avoiding futures roll costs, leverage decay, and structural drag common in other XRP exchange-traded products. Early asset growth positions XRPC as a leading spot XRP ETF, with liquidity stabilizing quickly following launch despite a short operating history. XRPC's spot structure allows performance to closely track XRP's price, making it suitable for investors seeking long-term exposure through traditional brokerage accounts.
Canary XRP ETF Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
 Christopher C. Powers Farther Finance Advisors, LLC | 604 | $11,748 | $7,562.08 | -$4,185.92 | -35.63% |
| LWM Legacy Wealth Managment LLC/ID Legacy Wealth Managment LLC/ID | 29 | $565 | $363.95 | -$200.9 | -35.56% |
| EA Elizabeth Arce Sovran Advisors LLC | 10,200 | $223,686 | $127,806 | -$95,880 | -42.86% |
| NWM Nova Wealth Management Inc. Nova Wealth Management Inc. | 2,640 | $51,348 | $33,132 | -$18,202.8 | -35.45% |
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Canary XRP ETF Profile
| NASDAQ (NMS) Exchange | US Country |
Overview
XRPC aims to offer direct exposure to the price dynamics of XRP— a decentralized digital asset designed specifically for real-time payment and settlement through the XRP Ledger. Since its inception in 2012, all XRP tokens were generated at launch. The Net Asset Value (NAV) of the funds is calculated based on a benchmark provided by CoinDesk Indices, which aggregates prices from leading XRP trading platforms. The Trust securely stores its XRP holdings with Gemini and BitGo, both of which are private custodians insured by non-FDIC carriers. Unlike traditional securities such as stocks or bonds, ownership of XRP does not confer any company profits or income and is solely recorded on a decentralized ledger. The advantage of an ETF for investors is the ability to access the market performance of XRP through their regular brokerage accounts without the need to hold XRP directly, thereby mitigating related risks. Importantly, the Trust refrains from employing derivatives, loans, or leverage in its operations. The XRP Ledger is distinguished by its low-energy, consensus-based mechanism instead of mining, which facilitates rapid, cost-effective cross-border transactions.
Products and Services
- XRP Trust ETF
This exchange-traded fund (ETF) offers investors a means to gain exposure to XRP's market performance without requiring direct ownership of the tokens. This structure allows individuals to trade XRP indirectly through their existing brokerage accounts, eliminating concerns about custody and storage of digital assets.
- Secure Custody Solutions
The XRP held by the Trust is securely stored with reputable custodians, Gemini and BitGo. Both provide innovative storage solutions, ensuring an added layer of security through insurance by non-FDIC carriers against potential risks associated with digital asset custody.
- Comprehensive Benchmarking
The Trust employs a robust NAV calculation methodology based on a benchmark from CoinDesk Indices, which consolidates prices from various major XRP trading venues. This ensures that investors receive a fair and transparent representation of the asset's market value.
- Non-Leverage Investment Strategy
XRPC maintains a straightforward approach to investment by not using derivatives, loans, or leverage. This strategy is designed to provide investors with a simplified exposure to XRP's performance while mitigating the complexities and risks often associated with leveraged investments.
- Low-Energy Transaction Methodology
The XRP Ledger employs a consensus-based protocol that is touted for its efficiency. This low-energy approach allows for faster transaction times and lower costs, which contributes to the overall effectiveness of cross-border transactions within the digital asset ecosystem.
