XRP’s First ETF Launches With $250M But Price Drops 9%

Thinkstock Quick Read XRP (XRP) fell 8% to 9% within a day of the Canary Capital ETF launch despite the fund pulling in nearly $250M in first-day inflows. The XRP ETF’s in-kind creation structure let holders deposit tokens directly instead of buying on exchanges, which reduced immediate spot price impact. Derivative markets saw $28M in XRP liquidations within 24 hours as traders unwound leveraged long positions during a broader crypto selloff. If you’re thinking about retiring or know someone who ...