Canary XRP ETF is down 55% in its first year
XRP fell 54%, and two funds that started days later are now larger.
Key takeaways
Canary Capital Group's Canary XRP ETF XRPC is down 55% at net asset value since inception through Nov. 10, 2026, Canary reports. The shares were priced at $25 on Nov. 12, 2025, and trading on Nasdaq began the next day.
54.3% below the first close through Nov. 10
- −54.3%
- 11.23
- 24.55
XRP, the token XRPC holds, was $2.30 on that date, Canary's annual report said. On Nov. 11, 2026, Canary priced the XRP in XRPC at $1.06, down 54% from that $2.30.
The annual report says XRPC does not seek returns beyond tracking the price of XRP. From the start through Dec. 31, 2025, the report said, the token fell 20.86% and the net asset value per share fell 21.69%.
Bitwise and Franklin are larger
The Bitwise fund that holds XRP, Bitwise XRP ETF XRP, started on Nov. 19, 2025, and reported $431 million in net assets as of Nov. 9, 2026. Franklin Templeton's Franklin XRP ETF XRPZ started on Nov. 24, 2025, and reported $339 million in net assets as of Nov. 9, 2026. Canary reported $257 million in net assets on Nov. 10, 2026.
On Nov. 26, 2025, Canary said XRPC had more than $336 million in assets, against $330.3 million for the other U.S. funds that hold XRP, from three other issuers.
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