'Canary XRP' ETF Reports 213 Million XRP Portfolio Worth $305 Million

caticoin732

05/17/26 • 31 Ansichten • 0 Aktie • How-To & Style

ETF-фонд Canary XRP повідомив про 212,6 млн XRP на суму близько 305 млн доларів у своєму останньому звіті про активи, опублікованому після подання квартальної звітності до Комісії з цінних паперів і б..

Canary XRP ETF Announces Portfolio Expansion Canary Capital Group released Canary XRP ETF asset data, which stands at 212.6 million XRP worth about $305 million, in its latest report on May 16. This information comes after the trust company filed a quarterly Form 10-Q with the U.S. Securities and Exchange Commission (SEC) for the quarter ended March 31. The report details the assets, expenses, operations, and financial health of an exchange-traded fund (ETF). According to quarter-end data, as of March 31, the trust owned 197.2 million XRP, up from 175.6 million as of December 31. This balance was valued at $264.9 million, down from $323 million, as the decline in the price of XRP offset the increase in token supply. In the report, XRP is classified as the trust's only investment. The report states: "A trust is a passive investment vehicle that does not seek to generate profits other than tracking the price of XRP." The majority of XRP's inflows in the first quarter were creation activities. The trust purchased 16.5 million XRP and received 5.6 million XRP through in-kind creation. He sold 319,319 XRP to buy back shares and transferred 225,061 XRP to pay commissions to sponsors. During the quarter, XRP in kind was not distributed for redemption.

The Trust Structure Focuses on XRP Spot Exposure Organized as a Delaware statutory trust, the Canary XRP ETF holds XRP for shareholders through a structure operating exclusively in the spot market. Canary Capital Group LLC serves as a sponsor and CSC Delaware Trust Company serves as a trustee. Shareholders own shares in the trust rather than direct rights to specific XRPs held by custodians. Basket activity links the fund's stock supply to XRP flows. The trust creates and redeems shares in baskets of 10,000 shares. Depending on agreements with authorized participants, transactions can be settled in cash or XRP. The documents filed do not list any derivatives, leverage, synthetic positions in XRP, other crypto assets, securities, or cash-like instruments. Coinbase Custody Trust Company LLC and Bitgo Trust Company Inc. serve as custodians of XRP. U.S. Bank Global Fund Services acts as an administrator, transfer agent, and accounting agent. The administrator calculates the Net Asset Value (NAV) every business day after 16:00 p.m. ET. The submitted documents state: "The trust buys XRP during stock creation and sells XRP during share buybacks." Together, the May asset data update and quarterly reporting show XRP's larger position after the quarter. The trust remained focused on spot XRP, which made storage, basket activity, and XRP price fluctuations centerpieces of its stated exposure.

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