Dominance of XRPC Fund: "Canary Capital" Confirms Its Fund Leads the XRP Fund Market
Canary Capital announced that its exchange-traded fund for XRP, known as XRPC, has today surpassed all other instant XRP funds combined, according to a new statement issued by the company specializing in exchange-traded funds linked to digital currencies.
XRPC is one of the first instant XRP funds launched in the United States, as it is traded on the NASDAQ and provides investors with regulated exposure to the digital currency through a traditional ETF structure.
The fund allows access to the features of the XRP network, such as fast settlements and low fees, in a simplified manner for investors.
Canary Capital has expanded its portfolio of digital currency funds to include instant funds for assets such as XRP, HBAR, and LTC, with the aim of enhancing the adoption of cryptocurrencies by traditional financial institutions.
In its latest statement, the company highlighted the advantage of XRPC as the first fund of its kind in the market, which has enabled it—according to its claim—to attract more investor interest compared to competing funds.
The company confirmed that the performance of XRPC reflects strong demand from investors despite the current market being crowded with several similar products.
