XRPC – Canary XRP ETF – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks to track the performance of XRP, as measured by the Pricing Benchmark, adjusted for the Trust’s expenses and other liabilities. The Trust intends to provide direct exposure to the value of XRP held by the Trust with Gemini Trust Company, LLC (the “Gemini Custodian”) and BitGo Trust Company, Inc. The Gemini Custodian is a New York limited purpose trust company regulated by the New York Department of Financial Services that provides custody services for digital assets.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
XRPC	Canary XRP ETF	ETF	Open	—	—	Nov 12, 2025	$337.14M	0.500%	—	—	—

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