The first US XRP spot ETF was listed with no net inflow on the first day and a net inflow of $243 million on the second day.
ChainCatcher reported that the first US spot ETF for a single XRP token—Canary XRP ETF (ticker XRPC)—has been officially listed on Nasdaq. The Canary XRP ETF supports both cash and in-kind subscriptions and redemptions, with a management fee rate of 0.5%. According to SoSoValue data, XRPC saw no net inflow on its first day of listing, with a trading volume of $59.22 million; on the second day, it recorded a net inflow of $243 million through cash or in-kind subscriptions, with a trading volume of $26.72 million. As of press time, the total net asset value of the Canary XRP ETF stands at $248 million, and the XRP net asset ratio (proportion of market value to total XRP market cap) has reached 0.18%.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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