XRP Investors Pump the Brakes as Canary ETF Sees Cash Fly Out
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Canary XRP ETF’s XRPC recorded net outflows of $1.29 million on April 02, 2026, a notable move for a niche crypto vehicle. With assets under management now at $256.1 million, the latest redemption wave represents roughly 0.5% of the fund’s capital base, hinting at growing caution among XRP-focused institutional traders.
The related asset, XRP-USD, is currently trading at $1.3207 after a bruising three months in which it has shed about 38.9% of its value. Technicals echo the sour mood, with the token flashing a short-term Strong Sell signal as traders weigh macro risk and regulatory overhangs in the broader digital-asset space.
While a 0.5% drawdown in AUM is far from a run on the fund, it underscores how quickly sentiment can swing when underlying prices slide and momentum breaks. If XRP fails to stabilize, further outflows from XRPC could amplify volatility, though bargain hunters may see the selloff as an opportunity to build positions at a discount.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.