TechFlow, November 15 — On November 13, the U.S.'s first spot ETF for a single XRP token — the Canary XRP ETF (ticker: XRPC) — officially listed on Nasdaq. The Canary XRP ETF supports both cash and in-kind subscriptions and redemptions, with a management fee of 0.50%.
According to SoSoValue data, XRPC saw no net inflow on its first trading day, with a trading volume of $59.22 million; on the second day, it recorded a net inflow of $243 million via cash or in-kind subscriptions, with a trading volume of $26.72 million.
As of press time, the Canary XRP ETF has total net assets of $248 million, and the XRP net asset ratio (its market value as a percentage of XRP's total market cap) reached 0.18%.
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