Citing 36 Crypto, Canary Capital has added 11.9 million XRP to its holdings, bringing its total to over 120 million tokens. The firm has accumulated more than 84.6 million XRP in under 10 days, with purchases tracked from November 13 to 26. The move follows the successful launch of the XRPC ETF, which generated over $245 million in trading volume on its first day. Multiple major financial institutions, including Franklin Templeton, Bitwise, and Grayscale, are set to launch their own spot XRP ETFs between November 18 and 25. Analysts suggest Canary’s aggressive accumulation reflects growing institutional confidence in XRP ahead of expected ETF-driven demand.
Canary Capital Adds 11.9M XRP, Total Holdings Exceed 120M Ahead of ETF Launches
36CryptoShare
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.