Canary Capital disclosed in its first-quarter 10-Q filing that its XRP Trust held 194.9 million XRP valued at $261.9 million as of March 31. The filing gives investors a formal balance-date view of the trust’s crypto holdings and indicates the scale of the firm’s exposure to XRP through a dedicated investment vehicle. A 10-Q filing is a quarterly financial report submitted by public companies in the United States, and it is commonly used by market participants to track reported assets, liabilities, and changes in investment positions.