Canary Capital Group LLC, a digital asset-focused investment firm, announced that its Canary XRP ETF (Nasdaq: XRPC) has achieved over $336 million in assets under management (AUM) since its launch, positioning it as the largest U.
S.-listed spot XRP ETF, surpassing all other U.
S.-listed spot XRP ETFs combined as of November 26, 2025. The fund also recorded a record-setting $59 million in day-one trading volume upon its debut earlier this month, marking the highest first-day volume for any ETF launched in 2025.
“What we’re seeing with XRPC is more than early adoption, it’s validation of where investor demand is heading,” stated Steven McClurg, CEO and Founder of Canary Capital. “That’s a clear signal that investors are choosing XRPC as a preferred vehicle for exposure to one of the most foundational digital assets.”
XRPC directly holds XRP, the native token of the XRP Ledger, a decentralized network utilized globally for real-time value transfer, asset tokenization, and settlement infrastructure.
Expanding its offerings in the digital asset space, Canary Capital also launched the Canary HBAR ETF (Nasdaq: HBR) earlier this quarter. HBR is the first and only U.
S.-listed ETF providing spot exposure to HBAR, the native token of the Hedera network. With over $65 million in assets, HBR offers investors access to a platform designed for high-throughput and energy-efficient real-world enterprise applications.
Canary Capital, an investment management firm focusing on enterprise technology, aims to expand access to blockchain-powered investment opportunities. Its growing suite of digital asset ETFs aligns with its commitment to developing forward-looking investment vehicles that combine market access with utility and institutional rigor in emerging markets.
It is important for investors to note that XRPC and HBR (the “Funds”) are not registered commodity pools or investment companies under the Investment Company Act of 1940. Shares of these Funds are not subject to the same regulatory requirements as mutual funds, and these investments may not be suitable for all investors. Funds focusing on single assets generally experience greater volatility.
Digital assets, including XRP and HBAR, represent a relatively new asset class, and their market is characterized by rapid changes and uncertainty. These assets are largely unregulated, and digital asset investments may be more susceptible to fraud and manipulation compared to more regulated investments. Investing involves significant risk, and the loss of principal is possible.
The Funds may not be suitable for all investors, and this information does not constitute a recommendation of any investment strategy or product for a particular investor. Investors should consult a financial advisor before making investment decisions. The Funds’ investment objectives, risks, charges, and expenses should be considered before investing. The prospectuses contain this and other important information.
The Funds are not actively managed and will not take actions to leverage or mitigate the impacts of price volatility for XRP or HBAR. Investments in the Funds are not direct investments in XRP or HBAR. Investors will not possess the rights of XRP or HBAR holders and will not have the right to receive redemption proceeds in XRP or HBAR. Shares of the Funds are typically bought and sold at market price, not Net Asset Value (NAV), and are not individually redeemed from the Funds. Only Authorized Participants may trade directly with the Funds in large blocks called “creation units,” and brokerage commissions will reduce returns.
