🪙 U.S. first spot
$XRP ETF crashes over 20%
The first U.S. spot XRP exchange-traded fund (ETF) has fallen more than 20% from its post-launch peak, despite strong early institutional demand.
In this context, the Canary XRP ETF, which trades on Nasdaq under the ticker XRPC, closed the last session at $20.26, leaving it down about 23.9% from its launch.
Notably, the ETF rallied into the mid-$26 range shortly after launch before reversing lower. At the same time, XRPC has fallen about 8.5% in the latest session and is down more than 10% over the past five trading days.
While the ETF remains margi