Canary Capital Declares XRPC as Largest U.S. Spot XRP ETF by AUM

Canary Capital just dropped a bombshell—their XRPC fund now holds the title of the largest U.S. spot XRP ETF by assets under management. That's a major power play in the digital asset arena.

The AUM Crown

Forget the also-rans. This claim isn't about being first to market; it's about gathering the most capital. It signals where institutional money is quietly flowing, even as traditional finance pundits scratch their heads over 'internet money.'

Why This Move Matters

It cuts through the regulatory fog surrounding XRP and builds a direct bridge for mainstream capital. The fund bypasses the complexity of direct custody, offering a familiar wrapper for a notoriously volatile asset. Suddenly, your average fund manager can get exposure without ever touching a private key—a feature that likely pleases more risk committees than you'd think.

Spotlight on Spot

The 'spot' distinction is crucial. This isn't a futures-based product dancing around regulatory hurdles. It's a fund built to hold the actual asset, creating tangible buy-side pressure on the underlying market. That's a different kind of vote of confidence, one that whispers 'long-term hold' rather than 'short-term trade.'

For an industry littered with vaporware and overhyped filings, a simple, verifiable claim about AUM is a refreshing change. It proves demand exists where Wall Street's old guard insists it doesn't. Now, watch the scramble as other issuers try to catch up—nothing motivates finance like a league table someone else is topping.

TLDR

• Canary Capital’s XRP ETF (XRPC) surpasses all other U.S.-listed spot XRP ETFs combined in AUM.
• XRPC reaches over $336 million in assets under management as of November 26, 2025.
• The fund achieved a record-setting $59 million in day-one trading volume, the highest for any ETF launched in 2025.
• XRPC offers investors exposure to XRP, the native token of the XRP Ledger, through a regulated ETF.
• Canary Capital expands its digital asset ETF offerings, following the launch of the HBAR ETF (HBR).

Canary Capital Group LLC (“Canary Capital”) has announced that its Canary XRP ETF (Nasdaq: XRPC) has surpassed the assets under management (AUM) of all other U.S.-listed spot XRP ETFs combined. As of November 26, 2025, the fund’s AUM exceeds $336 million, making it the largest spot XRP ETF in the United States. This marks a key milestone for Canary Capital’s digital asset-focused investment strategy.

Canary XRP ETF Surpasses Expectations, Leads Market

The launch of Canary XRP ETF has been a success since its debut, surpassing all expectations. The fund reached over $336 million in AUM, establishing itself as the dominant player in the XRP ETF market. As of November 2025, XRPC leads the U.S. market in both size and influence.

“We’re seeing more than early adoption, it’s clear validation of investor demand,” said Steven McClurg, CEO and Founder of Canary Capital. “Investors are choosing XRPC as their preferred vehicle for exposure to XRP, one of the most foundational digital assets.”

XRPC holds XRP, the native token of the XRP Ledger, a decentralized platform used globally for real-time value transfer and asset tokenization. Investors can now gain access to XRP without directly holding the token.

Record-Breaking Trading Volume for XRPC

The launch of Canary XRP ETF set a new record with $59 million in day-one trading volume. This high first-day trading volume marked the highest ever for any ETF launched in 2025. The strong demand indicates substantial interest from investors looking to gain exposure to XRP through a regulated investment vehicle.

“This record-breaking volume on day one shows the high level of demand for this digital asset,” McClurg added. “XRPC is paving the way for how digital assets will be accessed by institutional and retail investors alike.”

Canary Capital’s strategy for XRPC aligns with its broader mission of expanding access to blockchain-based investments. The firm continues to lead in innovation with its digital asset ETFs, reinforcing its commitment to bringing real utility and institutional rigor to emerging markets.