Canary’s XRP ETF Tops 2025 Debuts With $58M First-day Volume

Canary Capital’s XRPC, the first U.S. spot XRP ETF, made a powerful debut with $58 million in first-day trading volume, the highest among all ETF launches so far in 2025. Bloomberg analyst Eric Balchunas said the fund narrowly surpassed Bitwise’s Solana ETF, which recorded $57 million on its debut.

The strong opening shows rising institutional interest in gaining exposure to altcoins through regulated ETFs. While XRP’s market price didn’t move much, the heavy activity signals growing demand for mainstream investment products tied to the XRP Ledger’s fast and scalable payment network.

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