Canary’s XRP ETF Tops 2025 Debuts with $58M Day-One Volume
Canary Capital’s XRPC, the first U.S. spot ETF linked to payments-focused token XRP, made a strong debut Thursday, logging $58 million in trading volume—the highest first-day total among 2025 ETF launches, according to Bloomberg analyst Eric Balchunas.
The ETF narrowly outperformed Bitwise’s Solana ETF (BSOL), which posted $57 million on its first day. The two funds now lead the pack among more than 900 launches this year, with the third-place ETF trailing by over $20 million, highlighting robust investor interest.
XRPC’s initial performance signals growing institutional appetite for altcoins beyond bitcoin and ether. While XRP’s price remained relatively stable, the ETF’s strong volume underscores demand for regulated, mainstream investment vehicles.
Whether XRPC can sustain momentum will depend on continued confidence in XRP Ledger’s payment utility and scalability.
