PANews reported on November 15th that the first US-listed spot ETF for the single token XRP—Canary XRP ETF (ticker symbol XRPC)—officially listed on Nasdaq on November 13th. The Canary XRP ETF supports both cash and physical redemption, with a management fee of 0.50%.
According to SoSoValue data, XRPC saw no net inflow on its first day of trading, with a trading volume of $59.22 million; on the second day, it saw a net inflow of $243 million through cash or physical subscriptions, with a trading volume of $26.72 million.
As of press time, the Canary XRP ETF had a net asset value of $248 million, with an XRP net asset ratio (market capitalization as a percentage of total XRP market capitalization) of 0.18%.
