Canary Capital's XRP ETF Draws $245M in Early Inflows While XRP Price Lags
Canary Capital's XRP exchange-traded fund secured $245 million in initial inflows, a notable debut among crypto-linked funds this year and a clear signal of investor appetite for regulated exposure to Ripple's token. The size of the inflows highlights continued demand from institutions and retail investors seeking a convenient, compliant vehicle for crypto allocation without direct custody of tokens.
Despite the fund's strong start, XRP itself is trading around $2.26 after an 8.65% decline, underscoring a disconnect between ETF demand and immediate spot-market strength. That gap can reflect timing and operational frictions—arbitrage limits, cautious market-making, or broader risk-off sentiment—so investors should watch persistent flows and on-exchange liquidity to judge whether ETF demand ultimately supports the price or remains largely paper demand.