XRP has somehow managed to attract institutional interest while the rest of the market stares blankly into the void. It’s like a party where everyone forgot to bring snacks, but XRP brought a suspiciously large bag of chips.
Canary Capital, one of the first asset managers to launch a spot XRP ETF in the U.S., claims its product, XRPC, has hit $336 million in net assets under management (AUM). Steven McClurg, founder of Canary Capital, attributed this to “rising investor demand,” which is either a miracle or a very clever spreadsheet.
“What we’re seeing with XRPC is more than early adoption; it’s validation of where investor demand is heading. That’s a clear signal that investors are choosing XRPC as a preferred vehicle for exposure to one of the most foundational digital assets.” – Steven McClurg, who is probably sipping a latte with 17% foam.
XRP ETFs Eye $700M in Net Inflows (Or Is It Just Hot Air?)
Four spot XRP ETFs now exist in the U.S.: Grayscale’s GXRP, Franklin Templeton’s XRPZ, Bitwise’s XRP, and Canary’s XRPC. Since their debut in mid-November, these products have attracted nearly $700 million in cumulative inflows and not a single day of net outflows. Either the market is bullish, or someone’s calculator is broken.
The overall net assets have jumped to $687 million. If this pace continues, XRP could hit $1 billion by year-end-or crash into a black hole. Both seem equally likely.
Nate Geraci of the ETF Institute linked Canary’s success to the “first-mover advantage.” In other news, water is wet, and the sun will rise tomorrow. Groundbreaking stuff.
“Why first mover advantage can be so important in ETF space…Canary just issued press release stating that XRPC is larger than all other spot XRP ETFs combined.” – Nate Geraci, who’s clearly never seen a race before.
Impact on XRP Markets (Spoiler: Chaos)
Market sentiment remains as stable as a house of cards in a hurricane. Funding Rates flipped between positive and negative like a particularly uncooperative pancake. Futures traders were initially bullish but now appear to be waiting for the Fed’s next move, which is probably to invent a new cryptocurrency and call it “FedCoin.”
End-of-Year XRP Price Targets (Or Why You Should Trust No One)
Options markets suggest investors are hedging against a plunge to $2.0 or $1.8. The Put/Call Ratio of 1.81 means more people are betting against XRP than for it. This is not a surprise. It’s like betting on a penguin to win a race against a cheetah.
Even worse, the market is pricing in only a 7% chance of XRP hitting $3 by December. That’s about the same odds as a koala winning the World Chess Championship.
Final Thoughts
- U.S. spot XRP ETFs have recorded nearly $700 million in cumulative inflows (or maybe it’s just cosmic radiation).
- Short-term market caution is high, which is just a fancy way of saying “panic.”
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2025-12-01 22:56