Canary Capital Group LLC announced on Nov. 30 that its Canary XRP ETF (Nasdaq: XRPC) surpassed the combined size of all competing U.S. spot XRP ETFs, with assets climbing above $336 million. The firm positioned XRPC as the largest U.S. spot XRP ETF as demand for regulated crypto exposure continued to build.
The asset manager explained:
Totaling more than $336 million in AUM since its launch, XRPC leads the market as the largest spot XRP ETF in the United States as of 11/26/25.
That milestone followed strong initial activity, as Canary Capital described: “The fund’s debut earlier this month was marked by a record-setting $59 million in day-one trading volume, the highest first-day volume of any ETF launched in 2025.”
Beyond Canary Capital’s XRPC, other major issuers launching a spot XRP ETF include Bitwise ( XRP), Grayscale (GXRP), and Franklin Templeton (XRPZ), intensifying the market race.
Read more: Canary XRP ETF Rockets to Top Spot With First-Day Activity Beating Solana ETF Debut
Steven McClurg, CEO and founder of Canary Capital, opined:
What we’re seeing with XRPC is more than early adoption, it’s validation of where investor demand is heading.
“That’s a clear signal that investors are choosing XRPC as a preferred vehicle for exposure to one of the most foundational digital assets,” he added. These developments underscored the fund’s focus on providing access to XRP, the asset underpinning the XRP Ledger’s settlement and value-transfer functions.
Rising inflows pushed Canary’s broader ETF suite above $400 million, reflecting heightened institutional appetite for crypto instruments that fit within established regulatory frameworks. Market observers indicated that stronger participation through listed structures could improve liquidity and integrate blockchain assets more deeply into traditional portfolios. Advocates for crypto exposure argue that ETFs such as XRPC offer clearer pricing, operational simplicity, and risk-managed access to blockchain networks, countering skepticism related to market volatility and regulatory uncertainty.
- How large has the Canary XRP ETF grown?
It surpassed $336 million in assets, outpacing all competing U.S. spot XRP ETFs. - What made XRPC’s debut notable?
It recorded a $59 million first-day trading volume, the highest of any 2025 ETF launch. - Why are investors choosing XRPC?
Canary Capital cites rising demand for regulated access to XRP through a listed structure. - How does XRPC fit into broader crypto ETF growth?
Its inflows helped push Canary’s total ETF suite above $400 million in assets.
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