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Canary XRP ETF (NASDAQ: XRPC - Get Free Report) saw a significant increase in short interest in September. As of September 15th, there was short interest totaling 307,342 shares, an increase of 56.0% from the August 31st total of 197,071 shares. Currently, 1.4% of the company's stock are short sold. Based on an average daily volume
The world of cryptocurrencies and decentralized finance is complex and ever expanding.
For years, XRP (CRYPTO: XRP) has existed in a kind of regulatory purgatory as Ripple's long-running legal battle with the SEC cast a shadow over the entire asset, keeping institutional money on the sidelines and leaving retail investors with limited, often inconvenient ways to get exposure.
Two new catalysts could send XRP doubling in price this year.
Among the current wave of altcoin ETF launches, a growing number of products are hitting the market that many advisors and investors still don't know well. Bitcoin has a strong narrative at this point, and even ethereum's story is becoming more mainstream — but other altcoins still remain relatively under-the-radar.
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.
XRP ETF inflws reached $1 billion in assets in under 4 weeks, making it the fastest-growing altcoin ETF since Ethereum launched in July 2024, outpacing Bitcoin and Ethereum's early phases. Canary Capital's XRPC ETF led with $245 million in net inflows on its November 13 debut, followed by Franklin Templeton, Grayscale, and Bitwise, creating a 15-day streak of consecutive institutional demand.
XRP's ( CRYPTO: XRP ) ETF surge has fundamentally changed how institutional investors view the asset.
SEC filings for XRPC aren't indexed yet (common for recently launched funds). Browse the issuer's filings on SEC EDGAR directly.