Canary’s expanding ETF suite surpasses $400M in combined assets amid accelerating institutional demand
BRENTWOOD, Tenn.--(BUSINESS WIRE)--Canary Capital Group LLC (“Canary Capital”), a digital asset–focused investment firm, announced that its assets under management (AUM) in Canary XRP ETF (Nasdaq: XRPC) is greater than all other U.S.-listed spot XRP ETFs combined.1 Totaling more than $336 million in AUM since its launch, XRPC leads the market as the largest spot XRP ETF in the United States as of 11/26/25.
The fund’s debut earlier this month was marked by a record-setting $59 million in day-one trading volume, the highest first-day volume of any ETF launched in 2025.2
“What we’re seeing with XRPC is more than early adoption, it’s validation of where investor demand is heading,” said Steven McClurg, CEO and Founder of Canary Capital. “That’s a clear signal that investors are choosing XRPC as a preferred vehicle for exposure to one of the most foundational digital assets.”
XRPC holds XRP, the native token of the XRP Ledger, a decentralized network used globally for real-time value transfer, asset tokenization, and settlement infrastructure.
As part of Canary Capital’s broader mission to expand access to blockchain-powered investment opportunities, the firm also launched Canary HBAR ETF (Nasdaq: HBR) earlier this quarter. HBR is the first and only U.S.-listed ETF providing spot exposure to HBAR, the native token of the Hedera network. With over $65 million in assets, HBR offers investors access to a high-throughput, energy-efficient platform designed for real-world enterprise applications.
Canary’s expanding suite of digital asset ETFs reflects its commitment to building forward-looking investment vehicles that combine market access with real utility and institutional rigor in emerging markets.
To learn more about XRPC and HBR, visit:
https://etfs.canary.capital/xrpc/
https://etfs.canary.capital/hbr/
About Canary Capital
Canary Capital is an investment management firm that blends rigorous risk management, strategic foresight, and innovative thinking to deliver private placement strategies, crypto hedge fund solutions, treasury management solutions, and publicly traded funds, with a focus on enterprise technology.
Disclosures
XRPC and HBR (the “Funds”) are not registered commodity pools or investment companies registered under the Investment Company Act of 1940. Shares of the Funds are not subject to the same regulatory requirements as mutual funds.
These investments are not suitable for all investors. Funds focusing on single assets generally experience greater volatility. Please ask your financial advisor for more information about these risks. Digital assets, such as XRP and HBAR, are a relatively new asset class, and the market for digital assets is subject to rapid changes and uncertainty. Digital assets are largely unregulated and digital asset investments may be more susceptible to fraud and manipulation than more regulated investments.
Investing Involves Significant Risk. The loss of principal is possible. The Funds may not be suitable for all investors. This document does not constitute a recommendation of any investment strategy or product for a particular investor. Investors should consult a financial advisor/financial consultant before making any investment decisions.
The Funds’ investment objectives, risks, charges and expenses should be considered before investing. The prospectuses contain this and other important information, and it may be obtained at https://etfs.canary.capital/XRPC/prospectus/ and https://etfs.canary.capital/HBR/prospectus/. Read them carefully before investing.
The Funds are not actively managed and will not take any actions to take advantage, or mitigate the impacts, of volatility in the price of XRP or HBAR. Investments in the Funds are not a direct investment in XRP or HBAR. Investors will not have any rights that XRP or HBAR holders have and will not have the right to receive any redemption proceeds in XRP or HBAR. Shares of the Funds are generally bought and sold at market price (not NAV) and are not individually redeemed from the Funds. Only Authorized Participants may trade directly with the Funds and only in large blocks of Shares called "creation units." Your brokerage commissions will reduce returns.
The Funds’ Marketing Agent is Paralel Distributors LLC which is not affiliated with Canary Capital Group LLC or its affiliates.
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1 Source: Bloomberg. Website holdings reported as of 11/26/25. Spot XRP ETFs from three other issuers totaled $330.3 million in AUM. |
2 Source: Yahoo Finance. |
Contacts
Media
Trevor Davis
Gregory FCA for Canary Capital
215-475-5931
trevor@gregoryfca.com
Investor Relations
Amber Reedy
Canary Capital
amber.reedy@canary.capital