Canary XRP ETF: A Clean, Spot-Based Approach To XRP Exposure
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Excerpt
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https://seekingalpha.com/article/4855515?gt=c8501cc75262bfd3
Summary
XRPC provides direct spot exposure to XRP, avoiding futures roll costs, leverage decay, and structural drag common in other XRP exchange-traded products.
Early asset growth positions XRPC as a leading spot XRP ETF, with liquidity stabilizing quickly following launch despite a short operating history.
XRPC's spot structure allows performance to closely track XRP's price, making it suitable for investors seeking long-term exposure through traditional brokerage accounts.
Ongoing institutional upgrades to the XRP Ledger support XRP's role as payments and settlement infrastructure rather than as a purely speculative asset.
Growing stablecoin and tokenized asset activity on the XRP Ledger may sustain institutional interest and contribute to XRP demand and volatility over time.
Investment Thesis
I rate Canary XRP ETF (XRPC) a strong buy for those seeking exposure to the cryptocurrency XRP (XRP-USD) in a traditional market since it is an efficient and structurally sound method of gaining long-term exposure to XRP. By holding XRP directly via a spot structure, XRPC avoids the features such as roll costs, daily resets, and decays that cause other XRP ETFs, many of which are futures- or leveraged-based, to underperform. Although the fund has a short operating history, the ETF has a 0.50% fee, and its yet-improving liquidity makes it an efficient wrapper around an asset that, for various reasons, I believe is entering a stage of increasing adoption and valuation. And, over the next 12 months, XRPC's performance will no doubt be driven by both XRP's spot price and post-launch ETF flows, growing institutional usage of the XRP Ledger (per the latest State of the XRP Ledger for Q3 2025)…
