Gallacher Capital Management LLC Reduces Holdings in Canary XRP ETF $XRPC

Gallacher Capital Management LLC lowered its position in shares of Canary XRP ETF (NASDAQ:XRPC) by 34.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 86,874 shares of the company’s stock after selling 44,907 shares during the period. Gallacher Capital Management LLC’s holdings in Canary XRP ETF were worth $1,242,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Main Street Group LTD acquired a new stake in shares of Canary XRP ETF in the 1st quarter valued at about $53,000. Bogart Wealth LLC acquired a new position in Canary XRP ETF during the first quarter worth approximately $98,000. Millennium Management LLC acquired a new position in Canary XRP ETF during the fourth quarter worth approximately $13,452,000. Jain Global LLC purchased a new stake in Canary XRP ETF in the fourth quarter valued at approximately $3,227,000. Finally, Marex Group plc purchased a new stake in Canary XRP ETF in the fourth quarter valued at approximately $3,371,000.

Canary XRP ETF Price Performance

XRPC stock opened at $11.63 on Friday. Canary XRP ETF has a twelve month low of $10.75 and a twelve month high of $26.89. The company has a 50 day moving average price of $12.87.

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.