The competition among issuers of spot XRP exchange-traded funds is intensifying, yet one company is already calling the race.
- Canary Capital says its XRPC fund now leads all other spot XRP ETFs combined.
- XRPC’s early launch on Nasdaq is credited with capturing most investor demand.
- The firm is expanding its lineup with additional crypto spot ETFs for broader institutional adoption.
Canary Capital says its XRPC product has pulled so far ahead of the rest of the field that, when combined, rival XRP ETFs still don’t match its size.
Rather than framing the milestone as routine growth, Canary Capital is treating the development as proof that investors are choosing a single preferred gateway to XRP exposure. For a market that only recently opened the door to regulated XRP investment vehicles, such an early division in investor loyalty is striking.
ETF Was Built for Traditional Investors Seeking XRP Exposure
Instead of relying on crypto-native platforms or personal wallets, XRPC lets investors tap into XRP through standard brokerage accounts. The fund tracks the digital asset without requiring token custody, giving institutions and retail investors access to XRP’s selling points — rapid settlement and low-cost network transactions — through a familiar ETF structure on Nasdaq.
That design allowed XRPC to gain traction quickly once trading began in the United States, especially among buyers more comfortable with ETFs than centralized exchanges.
Canary Capital isn’t limiting itself to one digital asset. Over the past year, the company has pushed to build a full suite of crypto ETFs, adding spot funds focused on HBAR and Litecoin. The stated aim is to make blockchain assets part of mainstream investing, not an isolated niche for crypto specialists.
Strategic Positioning in a Crowded Field
While competitors have continued releasing XRP ETFs hoping to win a share of inflows, Canary Capital is using its size advantage as a branding point. In its latest messaging, the firm says the surge into XRPC reflects investor preference rather than short-term hype, describing its early launch as a “decisive head start” in the broader XRP ETF race.
No financial figures were disclosed, but the tone leaves little doubt about the claim Canary Capital wants to plant: in the battle for regulated XRP access, it believes the flagship winner has already been chosen.
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Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
Source: https://coindoo.com/canary-capital-claims-xrpc-is-now-the-leading-xrp-etf/