The Canary XRP ETF, the first US-listed spot ETF for XRP, launched on Nasdaq on November 13. Despite no net inflows on its debut, the ETF recorded a significant $243 million net inflow on its second day. The ETF, which supports both cash and physical redemption, has a management fee of 0.50%. Initial trading volumes were $59.22 million on the first day and $26.72 million on the second day. As of the latest update, the ETF's net asset value stands at $248 million, with an XRP net asset ratio of 0.18%.