Investors poured $82 million into Canary’s XRP ETF, but falling prices erased double what they put in

- Investors shoved $82 million into Canary's XRP ETF like someone stuffing cargo into a threadbare hull mid-decompression. The fund dutifully hoarded 31.7% more XRP tokens — and watched $164 million in unrealized depreciation vaporize nearly double what fresh capital brought aboard. Net assets slid from $322.8 million to $241.2 million, proving once again that buying more of a sinking asset isn't a strategy, it's a Chrome Syndicate debt spiral with better branding. The holdings grew, the value shrank, and somewhere a meat wallet is refreshing Coinglass wondering where the floor went. Aggressive passive income, indeed.