Canary’s XRP ETF Posts $58M on Day One, Tops 2025 Debuts
Canary Capital’s XRPC, the first U.S. spot ETF tied to payments-focused token XRP, launched Thursday with $58 million in trading volume—the highest first-day total among 2025 ETF debuts, according to Bloomberg analyst Eric Balchunas.
The ETF narrowly outpaced Bitwise’s Solana ETF (BSOL), which posted $57 million on its first day. Together, these two funds lead the pack of over 900 launches this year, with the third-place ETF trailing by more than $20 million, highlighting concentrated investor demand.
XRPC’s strong start reflects growing institutional interest in altcoins beyond bitcoin and ether. While XRP’s price remained relatively stable, the ETF’s high trading volume underscores investor appetite for regulated, mainstream exposure to the token.
Sustained momentum will depend on continued confidence in XRP Ledger’s payment utility and scalability, as the market gauges long-term institutional interest.
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