Brentwood, TN – (November 13, 2025) – Canary Capital, an investment firm specializing in digital assets, today revealed the introduction of its (NASDAQ: XRPC). This new U.S. exchange-traded product offers direct exposure to XRP, the native digital currency of the XRP Ledger.
“As one of the world’s most recognized and extensively utilized digital assets, providing access to XRP via an ETF will catalyze the subsequent phase of adoption and expansion within a crucial blockchain framework,” stated Steven McClurg, CEO of Canary Capital.
With the digital asset market progressing beyond Bitcoin, investors are increasingly drawn to tokens that demonstrate practical applications and gain institutional acceptance. XRP underpins the XRP Ledger (XRPL), a global network for payments and settlements engineered to facilitate rapid and efficient value transfers. The XRP Ledger was developed to simplify money transfers, making them as straightforward as sending an email, finalizing transactions within mere seconds, at negligible fees, and bypassing the typical delays and expenses associated with conventional banking systems.
XRP’s primary design is not centered on being a speculative store of value. Instead, its objective is utilitarian: to assist institutions and individuals in cross-border fund transfers, asset tokenization, and fueling innovative financial applications. The network boasts the capacity to process thousands of transactions per second, utilizes minimal energy, and has operated dependably since 2012.
Given increasing institutional acceptance and enhanced regulatory certainty, XRP is progressively being acknowledged as a leading established and scalable digital asset within the market, situated at the nexus of conventional finance and blockchain advancements. XRPC provides investors with exposure to XRP, circumventing the intricacies of personal custody or exchange administration.
“We are convinced XRP is poised to fulfill a pivotal role in the progression of our global financial ecosystem,” McClurg further remarked. “It serves as a connector between conventional finance and the blockchain economy, engineered for scalability and genuine enterprise functionality. XRPC enables investors to engage with the potential of that ongoing transformation.”
To discover more about XRPC .
About Canary Capital
Canary Capital operates as an investment management firm, integrating stringent risk management, forward-thinking strategy, and creative approaches to offer private placement strategies, cryptocurrency hedge fund solutions, treasury management services, and publicly traded funds, emphasizing enterprise technology.
Contacts
Media
Trevor Davis
Gregory FCA for Canary Capital
215-475-5931
trevor@gregoryfca.com
Investor Relations
Amber Reedy
Canary Capital
Disclosures:
This Fund is neither a registered commodity pool nor an investment company registered under the Investment Company Act of 1940. Shares of this Fund are not subject to the identical regulatory stipulations that apply to mutual funds.
These investment vehicles may not be appropriate for all investors. Funds concentrating on a singular asset typically encounter heightened volatility. Investors are advised to consult their financial advisor for further details concerning these risks. Digital assets, including XRP, constitute a comparatively nascent asset class, and the digital asset market is prone to swift fluctuations and unpredictability. Digital assets operate largely outside regulatory frameworks, and investments in them may face increased vulnerability to fraud and manipulation compared to more stringently regulated investments.
Investing Carries Substantial Risk. The potential for principal loss exists. The Canary XRP ETF (referred to as the “Fund”) might not be appropriate for every investor. This document does not serve as an endorsement for any specific investment strategy or product for any individual investor. Prospective investors ought to consult a financial advisor or financial consultant prior to making any investment choices.
The investment objectives, associated risks, fees, and expenses of the Fund warrant consideration before committing capital. The prospectus provides this and additional crucial information, and it can be accessed at . Thoroughly review it prior to making an investment.
The Fund operates without active management and will not undertake measures to capitalize on, or lessen the effects of, price volatility in XRP. Investing in the Fund does not equate to a direct investment in XRP. Investors will not possess any of the rights typically held by XRP owners and will not be entitled to receive any redemption proceeds in XRP. Shares of the Fund are typically acquired and divested at market price (not Net Asset Value) and cannot be redeemed individually from the Fund. Direct trading with the Fund is restricted solely to Authorized Participants, and only for substantial blocks of Shares known as “creation units.” Brokerage commissions incurred will diminish overall returns.
Paralel Distributors LLC serves as the Fund’s Marketing Agent and maintains no affiliation with Canary Capital Group LLC or its associated entities.