Derived from Coinomedia, Canary Capital’s XRP ETF attracted over $250 million in inflows on its first trading day, driven largely by in-kind swaps. Institutional investors contributed XRP tokens in exchange for ETF shares, signaling growing interest in XRP-backed financial products. The ETF provides exposure to XRP without direct token ownership, appealing to traditional investors through a regulated vehicle. The in-kind swap model reduces trading fees and improves tax efficiency, while also helping to stabilize pricing and reduce market slippage.
Canary Capital's XRP ETF Pulls $250M+ on Launch Day
CoinomediaShare
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.