The newly launched XRP ETF by Bitwise on NYSE Arca under the ticker $XRP saw impressive investor activity in the market after it launched yesterday. The fund has managed to post nearly $22 million in trading volume within hours of going live.
Bloomberg ETF analyst James Seyffart noted that Bitwise’s spot XRP fund recorded almost $22 million in volume. It even had more than two hours of trading still remaining on its first day.
Seyffart termed the turnout as “impressive.” This is especially considering Bitwise entered the market a full week after the successful rollout of Canary Capital’s XRPC fund which pulled in $59 million in first-day trading volume and $245 million in net inflows. This made it the strongest ETF debut of 2025 among more than 900 launches.
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