Canary XRP ETF (NASDAQ:XRPC) Shares Down 5.1% – Time to Sell?

Shares of Canary XRP ETF (NASDAQ:XRPC) were down 5.1% during mid-day trading on Thursday . The company traded as low as $14.74 and last traded at $14.82. Approximately 134,628 shares were traded during trading, a decline of 45% from the average daily volume of 242,872 shares. The stock had previously closed at $15.61.

Canary XRP ETF Trading Down 5.1%

Institutional Investors Weigh In On Canary XRP ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Quaker Wealth Management LLC bought a new stake in shares of Canary XRP ETF in the 4th quarter worth about $88,000. Gallacher Capital Management LLC purchased a new stake in Canary XRP ETF in the 4th quarter worth about $2,563,000. Avantax Planning Partners Inc. bought a new stake in Canary XRP ETF in the fourth quarter worth about $244,000. Larson Financial Group LLC bought a new stake in Canary XRP ETF in the fourth quarter worth about $31,000. Finally, PNC Financial Services Group Inc. purchased a new position in shares of Canary XRP ETF during the fourth quarter valued at approximately $41,000.

Canary XRP ETF (NASDAQ: XRPC) is an exchange-traded fund listed on the Nasdaq that provides investors with a vehicle for gaining market exposure to XRP, the digital token associated with the Ripple network. As an ETF, XRPC is structured to trade like a stock on an exchange while offering investors exposure to the price movements of the underlying digital asset without requiring direct custody of cryptocurrencies.

The fund’s primary activity is offering exposure to XRP-related returns through holdings and instruments tied to the token.