Canary XRP ETF reported a strong third quarter of 2026, with net income reaching $103.51 million. The fund's performance was driven by a significant appreciation in XRP, which rose 42.70% from $1.04 to $1.49 during the quarter. This surge in XRP's value contributed to a 42.52% increase in the ETF's net asset value per share, climbing from $11.08 to $15.79.
The ETF's financial highlights included $109.5 million in unrealized appreciation, partially offset by $5.6 million in realized losses and $370,225 in sponsor fees. As of September 30, 2026, the trust held 247,755,213 XRP, valued at $368.8 million. Share activity saw 2.11 million shares created and 530,000 shares redeemed during the quarter.
The net asset value per share peaked at $16.86 on September 22 and hit a low of $10.60 on August 14, reflecting the volatility in XRP's price movements. No comparative periods were presented in the report, focusing solely on the current quarter's performance.