Canary XRP ETF (XRPC)Digital Assets | Exchange Traded Fund | NasdaqGM
11.65 USD
+0.33
(2.871%)
⇧
(July 14, 2026, 9:43 a.m.
EDT)
|
Hot Take ↕ | July 11, 2026, 2:57 a.m. EDT
The Canary XRP ETF represents a classic 'new asset class' setup where the business fundamentals are irrelevant because the entity itself is brand new. There is no operating history, no revenue growth, and no dividends to evaluate; the entire investment thesis rests on the speculative potential of the underlying cryptocurrency and the novelty of the first-ever US spot XRP ETF. In the short term, the price action is choppy, hovering near the lows of its debut week, which creates a slight downside lean as early buyers take profits. However, the options market tells a different story: traders are not betting on a slow grind up or down, but on a violent, binary event. The heavy positioning at far-out strikes suggests the market expects a massive gap-up or gap-down driven by regulatory clarity or crypto market cycles. This volatility premium makes it a poor hold for traditional investors but a potential catalyst for momentum traders willing to navigate the uncertainty. Long-term, the rating remains neutral because there is zero historical data to prove the ETF can sustain value or grow. It is purely a vehicle for speculation on XRP's future adoption. Until the underlying asset proves sustained utility and the ETF structure matures beyond its initial hype cycle, it cannot be rated as a buy-and-hold opportunity. |
| Model | MAE |
|---|---|
| AutoTheta ✓ | 0.070138 |
| AutoARIMA | 0.103409 |
| AutoETS | 0.103410 |
| MSTL | 0.105510 |
| MSTL_32 | 0.108847 |
Forecast horizon: 60 days | Selected: AutoTheta
| Forecast Reliability | |
|---|---|
| Score | 42% |
| H-stat | 0.70 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.194 |
| Excess Kurtosis | -0.97 |
As of July 11, 2026, 2:57 a.m. EDT: Speculators are positioning for extreme volatility rather than a specific directional move. The September expiration shows massive open interest at deep out-of-the-money strikes ($22, $27, $32) alongside a massive IV spike at a $1 strike, suggesting a bet on a binary event or a massive gap-up/down move. Conversely, December puts show significant concentration at lower strikes ($8, $10), indicating a hedge against a prolonged decline. The mix of high-delta OTM calls and deep ITM puts suggests a 'straddle' or 'strangle' strategy anticipating a chaotic price discovery phase typical of a newly approved crypto ETF.
| Attribute | Value |
|---|---|
| All Time High | 26.89 |
| All Time Low | 10.75 |
| Ask | 11.66 |
| Ask Size | 12 |
| Average Daily Volume10 Day | 152,260 |
| Average Daily Volume3 Month | 184,737 |
| Average Volume | 184,737 |
| Average Volume10Days | 152,260 |
| Beta3 Year | 0.0 |
| Bid | 11.61 |
| Bid Size | 13 |
| Category | Digital Assets |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 11.729 |
| Day Low | 11.645 |
| Esg Populated | 0 |
| Exchange | NGM |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 13.1748 |
| Fifty Day Average Change | -1.5297995 |
| Fifty Day Average Change Percent | -0.11611558 |
| Fifty Two Week Change Percent | -53.897537 |
| Fifty Two Week High | 26.89 |
| Fifty Two Week High Change | -15.244999 |
| Fifty Two Week High Change Percent | -0.56693935 |
| Fifty Two Week Low | 10.75 |
| Fifty Two Week Low Change | 0.89500046 |
| Fifty Two Week Low Change Percent | 0.08325586 |
| Fifty Two Week Range | 10.75 - 26.89 |
| First Trade Date Milliseconds | 1,763,044,200,000 |
| Full Exchange Name | NasdaqGM |
| Fund Family | Canary Capital Group LLC |
| Fund Inception Date | 1,762,905,600 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Has Pre Post Market Data | 1 |
| Ipo Expected Date | 2,025-11-13 |
| Language | en-US |
| Legal Type | Exchange Traded Fund |
| Long Business Summary | The Trust intends to provide direct exposure to the value of XRP held by the Trust with Gemini Trust Company, LLC (the “Gemini Custodian”) and BitGo Trust Company, Inc. The Gemini Custodian is a New York limited purpose trust company regulated by the New York Department of Financial Services that provides custody services for digital assets. |
| Long Name | Canary XRP ETF |
| Market | us_market |
| Market State | REGULAR |
| Max Age | 86,400 |
| Message Board Id | finmb_1900179901 |
| Nav Price | 11.7026 |
| Net Assets | 240,705,424.0 |
| Net Expense Ratio | 0.5 |
| Open | 11.72 |
| Previous Close | 11.32 |
| Price Hint | 2 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | 0.32500076 |
| Regular Market Change Percent | 2.8710315 |
| Regular Market Day High | 11.729 |
| Regular Market Day Low | 11.645 |
| Regular Market Day Range | 11.645 - 11.729 |
| Regular Market Open | 11.72 |
| Regular Market Previous Close | 11.32 |
| Regular Market Price | 11.645 |
| Regular Market Time | 1,784,036,630 |
| Regular Market Volume | 12,217 |
| Short Name | Canary XRP ETF |
| Source Interval | 15 |
| Symbol | XRPC |
| Total Assets | 240,705,424 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | -22.51461 |
| Trailing Three Month Returns | -22.51461 |
| Triggerable | 1 |
| Two Hundred Day Average | 16.547684 |
| Two Hundred Day Average Change | -4.9026833 |
| Two Hundred Day Average Change Percent | -0.2962761 |
| Type Disp | ETF |
| Volume | 12,217 |
| Ytd Return | -42.87301 |