Canary’s XRP ETF Debuts with $58M Day-One Volume, Tops 2025 ETF Launches
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 largest first-day total for any ETF this year, according to Bloomberg analyst Eric Balchunas.
The fund narrowly outpaced Bitwise’s Solana ETF (BSOL), which posted $57 million on its debut. Together, these two ETFs stand out among over 900 launches in 2025, with the third-place ETF trailing by more than $20 million, reflecting concentrated investor demand.
XRPC’s strong start highlights growing institutional interest in altcoins beyond bitcoin and ether. While XRP’s price remained largely unchanged, the ETF’s high trading volume demonstrates investor appetite for regulated, mainstream exposure to digital assets.
Sustained momentum will depend on ongoing confidence in XRP Ledger’s payment utility and scalability, as market participants monitor institutional adoption trends.
