{"id":72631,"date":"2026-05-17T01:47:41","date_gmt":"2026-05-17T01:47:41","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/canary-xrp-etf-reports-213-million-xrp-holdings-worth-305-million\/"},"modified":"2026-05-17T01:47:41","modified_gmt":"2026-05-17T01:47:41","slug":"canary-xrp-etf-reports-213-million-xrp-holdings-worth-305-million","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/canary-xrp-etf-reports-213-million-xrp-holdings-worth-305-million\/","title":{"rendered":"Canary XRP ETF Reports 213 Million XRP Holdings Worth $305 Million"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Canary Capital reported 212.6 million XRP in its latest ETF holdings update.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Quarter-end assets rose in token terms, but valuation fell after XRP weakened.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Further exposure depends on basket activity, custody arrangements, and XRP price moves.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>Canary <span>XRP<\/span> ETF Reports Expanded Holdings<\/h2>\n<p>Canary Capital Group published holdings for Canary <span>XRP<\/span> ETF showing 212.6 million <span>XRP<\/span>, valued at about $305 million, in its latest reporting on May 16. The update followed the trust\u2019s quarterly Form 10-Q, filed with the U.S. Securities and Exchange Commission (SEC) for the quarter ended March 31. The filing detailed the exchange-traded fund (ETF)\u2019s holdings, expenses, operations, and financial condition.<\/p>\n<p>Quarter-end disclosures showed the trust held 197.2 million <span>XRP<\/span> on March 31, up from 175.6 million on Dec. 31. That balance was valued at $264.9 million, down from $323 million, as <span>XRP<\/span>\u2019s price decline outweighed the higher token count. The filing classified <span>XRP<\/span> as the trust\u2019s only investment. The filing states:<\/p>\n<blockquote>\n<p>\u201cThe trust is a passive investment vehicle that does not seek to generate returns beyond tracking the price of <span>XRP<\/span>.\u201d<\/p>\n<\/blockquote>\n<p>Creation activity accounted for most first-quarter <span>XRP<\/span> inflows. The trust purchased 16.5 million <span>XRP<\/span> and received 5.6 million <span>XRP<\/span> through in-kind creations. It sold 319,319 <span>XRP<\/span> for share redemptions and transferred 225,061 <span>XRP<\/span> to pay sponsor fees. No <span>XRP<\/span> was distributed in-kind for redemptions during the quarter.<\/p>\n<figure id=\"attachment_814627\" aria-describedby=\"caption-attachment-814627\" style=\"width:1198px\" class=\"wp-caption aligncenter\"><figcaption id=\"caption-attachment-814627\" class=\"wp-caption-text\">Canary <span>XRP<\/span> ETF holdings. Source: Canary Capital Group<\/figcaption><\/figure>\n<h2>Trust Structure Centers on Spot <span>XRP<\/span> Exposure<\/h2>\n<p>Organized as a Delaware statutory trust, Canary <span>XRP<\/span> ETF holds <span>XRP<\/span> for shareholders through a spot-only structure. Canary Capital Group LLC serves as the sponsor, while CSC Delaware Trust Company serves as the trustee. Shareholders own trust shares, not direct claims on specific <span>XRP<\/span> held by custodians.<\/p>\n<p>Basket activity ties the fund\u2019s share supply to <span>XRP<\/span> flows. The trust creates and redeems shares in 10,000-share baskets. Depending on authorized participant agreements, transactions may settle in cash or <span>XRP<\/span>. The filing disclosed no derivatives, <span>leverage<\/span>, synthetic <span>XRP<\/span> exposure, other <span>crypto<\/span> assets, securities, or cash-like instruments.<\/p>\n<p>Coinbase Custody Trust Company LLC and Bitgo Trust Company Inc. serve as <span>XRP<\/span> custodians. U.S. Bank Global Fund Services acts as administrator, transfer agent, and accounting agent. The administrator calculates net asset value (NAV) each business day after 4 p.m. Eastern time. The filing notes:<\/p>\n<blockquote>\n<p>\u201cThe trust purchases <span>XRP<\/span> upon the creation of Shares and sells <a href=\"https:\/\/www.binance.com\/en\/price\/xrp\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">XRP<\/a> upon the redemption of Shares.\u201d<\/p>\n<\/blockquote>\n<p>Together, the May holdings update and quarterly filing show a larger <a href=\"https:\/\/www.binance.com\/en\/price\/xrp\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">XRP<\/a> position after quarter-end. The trust remained concentrated in spot <a href=\"https:\/\/www.binance.com\/en\/price\/xrp\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">XRP<\/a>, making custody, basket activity, and <a href=\"https:\/\/www.binance.com\/en\/price\/xrp\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">XRP<\/a> price movements central to its reported exposure.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/canary-xrp-etf-reports-213-million-xrp-holdings-worth-305-million\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways Canary Capital reported 212.6 million XRP in its latest ETF holdings update. Quarter-end assets rose in token terms, but valuation fell after XRP weakened. Further exposure depends on basket activity, custody arrangements, and XRP price moves. Canary XRP ETF Reports Expanded Holdings Canary Capital Group published [&hellip;]<\/p>\n","protected":false},"author":11,"featured_media":72632,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/72631"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=72631"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/72631\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/72632"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=72631"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=72631"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=72631"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}