Canary XRP ETF (NASDAQ:XRPC) Stock Price Down 5.1% – Should You Sell?

Canary XRP ETF (NASDAQ:XRPC)’s stock price was down 5.1% during trading on Thursday . The company traded as low as $14.74 and last traded at $14.82. Approximately 134,628 shares traded hands during mid-day 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 Price Performance

Institutional Investors Weigh In On Canary XRP ETF

Several large investors have recently bought and sold shares of XRPC. Larson Financial Group LLC purchased a new stake in Canary XRP ETF during the fourth quarter valued at $31,000. PNC Financial Services Group Inc. purchased a new stake in shares of Canary XRP ETF during the 4th quarter valued at about $41,000. Quaker Wealth Management LLC bought a new position in shares of Canary XRP ETF in the 4th quarter valued at about $88,000. Avantax Planning Partners Inc. bought a new position in shares of Canary XRP ETF in the 4th quarter valued at about $244,000. Finally, Gallacher Capital Management LLC purchased a new position in Canary XRP ETF in the fourth quarter worth about $2,563,000.

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.