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First US spot XRP ETF registers a 28.75% decline so far in 2026

Canary Capital's spot XRP ETF has shed over 28% year to date, reflecting broader price weakness in the underlying asset despite a recent short-term rebound.

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A $1,000 investment in Canary Capital’s Canary XRP ETF (XRPC) at the start of 2026 declined to $712.50 by October 13, marking a 28.75% drop year to date. The fund opened the year at $20.24 per share before sliding to $14.42 at the time of reporting.

According to data cited from the fund's official website, XRPC has accumulated 245,385,599.76 XRP since inception, representing an aggregate value of approximately $333.7 million. Despite the year-to-date contraction, the ETF has recovered nearly 28% over the past three months.

The fund's decline mirrors spot market weakness, with XRP down more than 26% year to date at $1.36 and a market capitalization of roughly $86.6 billion. However, the underlying token has rebounded nearly 39% over the past two months, while 24-hour trading volume reached around $2.69 billion on CoinMarketCap.

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