Canary Capital's XRPC Larger Than All Other U.S. Spot XRP ETFs Combined as of 11/26/25 and HBR Establishes First-of-Its-Kind U.S. Spot HBAR Exposure
MWN-AI** Summary
Canary Capital Group LLC has made significant strides in the digital asset investment market, highlighted by its Canary XRP ETF (Nasdaq: XRPC) surpassing all other U.S.-listed spot XRP ETFs combined as of November 26, 2025. With over $336 million in assets under management (AUM) since its recent launch, XRPC stands out as the largest spot XRP ETF in the United States. It also achieved a remarkable milestone on its first day, recording $59 million in trading volume, the highest for any ETF introduced in 2025. This success reflects growing institutional demand for XRP, the native token of the XRP Ledger, which supports decentralized value transfers and asset tokenization.
Commenting on this performance, Steven McClurg, CEO and Founder of Canary Capital, noted that the fund’s momentum indicates a strong preference among investors for XRPC, positioning it as a key vehicle for gaining exposure to foundational digital assets.
In addition to XRPC, Canary Capital has launched the Canary HBAR ETF (Nasdaq: HBR), which provides the first U.S. spot exposure to HBAR, the native token of the Hedera network. HBR has gathered over $65 million in assets and targets investors seeking access to a high-throughput, energy-efficient platform known for its application in real-world enterprise solutions.
This expansion of Canary's ETF offerings underscores its commitment to innovative investment vehicles in the realm of digital assets, aligning with the growing demand for blockchain-related investment opportunities. Canary Capital aims to merge market access with real utility, enhancing the investment landscape for institutional players.
MWN-AI** Analysis
As of November 26, 2025, Canary Capital’s XRPC ETF has taken a significant lead in the digital asset market, boasting over $336 million in assets under management (AUM), which surpasses all other U.S. spot XRP ETFs combined. This impressive debut illustrates not just early adoption but also a strong validation of investor preferences towards this foundational digital asset. Meanwhile, the introduction of the HBR ETF provides a novel option for investors seeking exposure to HBAR, the native token of the Hedera network, which has already amassed over $65 million in assets.
The dynamic performance of the XRPC ETF, highlighted by a record-setting first-day trading volume, indicates strong institutional demand and confidence in the growing digital asset ecosystem. Investors should recognize this trend as a crucial pivot point in the market, suggesting robust future performance for XRPC. The increasing institutional investment reflects a shift towards more regulated and transparent avenues for investing in cryptocurrencies.
For those considering exposure through XRPC and HBR, it is essential to acknowledge the inherent volatility and regulatory risks associated with digital asset investments. Both funds are uniquely positioned to cater to a market that values both innovation and established infrastructure in blockchain technologies.
Given the rising interest and performance of these ETFs, investors may want to consider diversifying their portfolios with these offerings. While XRPC leads in the XRP space, the introduction of HBR opens the door to other digital assets that demonstrate real-world utility. Investors should proceed with caution and consult financial advisors to ensure these assets fit their investment strategies, particularly in a landscape characterized by rapid changes and potential market manipulation. Overall, keeping a close eye on the developments surrounding these ETFs could yield promising investment opportunities in the evolving digital asset market.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
Canary’s expanding ETF suite surpasses $400M in combined assets amid accelerating institutional demand
Canary Capital Group LLC (“Canary Capital”), a digital asset–focused investment firm, announced that its assets under management (AUM) in Canary XRP ETF (Nasdaq: XRPC) is greater than all other U.S.-listed spot XRP ETFs combined. 1 Totaling more than $336 million in AUM since its launch, XRPC leads the market as the largest spot XRP ETF in the United States as of 11/26/25.
The fund’s debut earlier this month was marked by a record-setting $59 million in day-one trading volume, the highest first-day volume of any ETF launched in 2025. 2
“What we’re seeing with XRPC is more than early adoption, it’s validation of where investor demand is heading,” said Steven McClurg, CEO and Founder of Canary Capital. “That’s a clear signal that investors are choosing XRPC as a preferred vehicle for exposure to one of the most foundational digital assets.”
XRPC holds XRP, the native token of the XRP Ledger, a decentralized network used globally for real-time value transfer, asset tokenization, and settlement infrastructure.
As part of Canary Capital’s broader mission to expand access to blockchain-powered investment opportunities, the firm also launched Canary HBAR ETF (Nasdaq: HBR) earlier this quarter. HBR is the first and only U.S.-listed ETF providing spot exposure to HBAR, the native token of the Hedera network. With over $65 million in assets, HBR offers investors access to a high-throughput, energy-efficient platform designed for real-world enterprise applications.
Canary’s expanding suite of digital asset ETFs reflects its commitment to building forward-looking investment vehicles that combine market access with real utility and institutional rigor in emerging markets.
To learn more about XRPC and HBR, visit:
https://etfs.canary.capital/xrpc/
https://etfs.canary.capital/hbr/
About Canary Capital
Canary Capital is an investment management firm that blends rigorous risk management, strategic foresight, and innovative thinking to deliver private placement strategies, crypto hedge fund solutions, treasury management solutions, and publicly traded funds, with a focus on enterprise technology.
Disclosures
XRPC and HBR (the “Funds”) are not registered commodity pools or investment companies registered under the Investment Company Act of 1940. Shares of the Funds are not subject to the same regulatory requirements as mutual funds.
These investments are not suitable for all investors. Funds focusing on single assets generally experience greater volatility. Please ask your financial advisor for more information about these risks. Digital assets, such as XRP and HBAR, are a relatively new asset class, and the market for digital assets is subject to rapid changes and uncertainty. Digital assets are largely unregulated and digital asset investments may be more susceptible to fraud and manipulation than more regulated investments.
Investing Involves Significant Risk. The loss of principal is possible. The Funds may not be suitable for all investors. This document does not constitute a recommendation of any investment strategy or product for a particular investor. Investors should consult a financial advisor/financial consultant before making any investment decisions.
The Funds’ investment objectives, risks, charges and expenses should be considered before investing. The prospectuses contain this and other important information, and it may be obtained at https://etfs.canary.capital/XRPC/prospectus/ and https://etfs.canary.capital/HBR/prospectus/ . Read them carefully before investing.
The Funds are not actively managed and will not take any actions to take advantage, or mitigate the impacts, of volatility in the price of XRP or HBAR. Investments in the Funds are not a direct investment in XRP or HBAR. Investors will not have any rights that XRP or HBAR holders have and will not have the right to receive any redemption proceeds in XRP or HBAR. Shares of the Funds are generally bought and sold at market price (not NAV) and are not individually redeemed from the Funds. Only Authorized Participants may trade directly with the Funds and only in large blocks of Shares called "creation units." Your brokerage commissions will reduce returns.
The Funds’ Marketing Agent is Paralel Distributors LLC which is not affiliated with Canary Capital Group LLC or its affiliates.
CNRY81
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1 Source: Bloomberg. Website holdings reported as of 11/26/25. Spot XRP ETFs from three other issuers totaled $330.3 million in AUM. |
2 Source: Yahoo Finance. |
View source version on businesswire.com: https://www.businesswire.com/news/home/20251130255759/en/
Media
Trevor Davis
Gregory FCA for Canary Capital
215-475-5931
trevor@gregoryfca.com
Investor Relations
Amber Reedy
Canary Capital
amber.reedy@canary.capital
FAQ**
How does the performance of the Canary XRP ETF XRPC compare to traditional investment vehicles for digital assets in terms of volatility and investor returns?
What specific factors contributed to the record-setting $59 million in day-one trading volume for the Canary XRP ETF XRPC upon its launch?
Given the growth of the Canary XRP ETF XRPC, what future developments can investors expect from Canary Capital regarding new ETF offerings focused on digital assets?
How does Canary Capital mitigate the risks associated with investing in single-asset ETFs, such as the Canary XRP ETF XRPC, which may be more susceptible to market fluctuations and manipulation?
**MWN-AI FAQ is based on asking OpenAI questions about Canary Capital Group LLX (NASDAQ: HBR).
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