Canary’s XRP Titan Breaks Records as XRP ETF Demand Explodes

Canary Capital Group LLC’s spot XRP ETF (XRPC) has grown in value to encompass all other U.S.-based XRP ETFs, with a value of about $336 million in Assets Under Management (AUM). The fund reported $59 as trading volume on the first day of its trading. This is the highest first-day volume of any ETF launched in 2025. Bitwise ( XRP), Grayscale (GXRP), and Franklin Templeton (XRPZ) are the other competitor XRP ETFs for XRPC. 

XRPC’s rise in demand is due to a rise in investor demand. This rise in demand comes from investors preferring XRPC as a vehicle for “exposure to one of the most foundational digital assets”, said Steven McClurg, CEO and founder of Canary Capital.

The ETF’s success can be attributed to its operation model, which allows shares to be exchanged for XRP tokens, contributing to smart money traders increasing long positions in XRP.  The product’s listing on Nasdaq allows institutions and traders to gain exposure to XRP as easily as trading stocks, thereby fueling strong inflows and broader institutional confidence in crypto assets other than Bitcoin and Ethereum.

XRPC’s Influence on XRP’s Short-Term Price

Short-term inflows into XRPC are likely to provide a structural bid for XRP’s price by increasing institutional demand and reducing available circulating supply. For instance, with XRPC’s launch in November 2025, there was price volatility and short-term bearish pressures for XRP due to large XRP whale selling and broader crypto market corrections.

However, with XRPC’s high market adoption coming from enhanced investor confidence, XRP’s price will most probably cross $2 mark in the long term. The short-term prices may remain volatile until whale selling subsides and macro conditions stabilize. Analysts have identified that XRP will rebound if it crosses the $2.10-$2.25 range, and will see a downside movement if the price goes below $1.60. It all depends on the market conditions for XRP. 

The Bottom Line

Canary XRP ETF’s success is a lesson for crypto traders and investors. Analysts from JPMorgan have estimated that spot XRP products such as the Canary ETF could attract up to $8 billion in inflows, potentially leading to increased liquidity and a price surge for XRP. However, while trading volumes and asset inflows have been impressive, the price of XRP itself showed only a modest immediate rise, signaling that the ETF might be just one part of a broader adoption trend.

Canary Capital’s XRP Titan ETF has set a new benchmark for XRP-related investment products and has significantly boosted the market momentum for XRP ETFs in the U.S. This indicates growing institutional acceptance and demand for XRP as a mainstream digital asset investment vehicle.

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