The first US XRP spot ETF was launched, with no net inflows on the first day, but a net inflow of $243 million on the second day.

Odaily Planet Daily reported on November 13th that the first US-listed spot ETF for the single token XRP—the Canary XRP ETF (ticker symbol XRPC)—was officially listed on Nasdaq. The Canary XRP ETF supports both cash and physical redemption, with a management fee of 0.50%.

According to SoSoValue data, XRPC saw no net inflow on its first day of trading, with a trading volume of $59.22 million; on the second day, it saw a net inflow of $243 million through cash or physical subscriptions, with a trading volume of $26.72 million.

As of press time, the Canary XRP ETF had a total net asset value of $248 million, with an XRP net asset ratio (market capitalization as a percentage of total XRP market capitalization) of 0.18%.