Canary Capital Group LLC, a digital asset–focused investment firm, today announced the launch of the Canary XRP ETF, a U.S. exchange-traded product providing spot exposure to XRP, the native token of the XRP Ledger.
“XRP is one of the most established and widely used digital assets in the world. Accessibility to XRP through an ETF will enable the next wave of adoption and growth in a critical blockchain system,” says Steven McClurg, CEO of Canary Capital.
As the digital asset market evolves beyond Bitcoin, investors are increasingly looking to tokens with real-world use cases and institutional adoption. XRP powers the XRP Ledger (XRPL), a global payment and settlement network designed to move value quickly and efficiently. The XRP Ledger was created to make transferring money as easy as sending an email, settling transactions in just a few seconds, with minimal fees, and without the delays or costs of traditional banking systems.
XRP isn’t designed primarily as a speculative store of value. Its purpose is practical: to help institutions and individuals move funds across borders, tokenize assets, and power next-generation financial applications. The network can handle thousands of transactions per second, consumes very little energy, and has been running reliably since 2012.
With growing institutional adoption and renewed regulatory clarity, XRP is increasingly recognized as one of the most established and scalable digital assets in the market, positioned at the intersection of traditional finance and blockchain innovation. XRPC gives investors exposure to XRP without the complexities of self-custody or exchange management.
“We believe XRP will play a key role in the evolution of our global financial system,” added McClurg. “It’s a bridge between traditional finance and the blockchain economy, built for scale, and real enterprise utility. XRPC allows investors to participate in the prospects of that evolution.”
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