The new XRPC ETF saw $26 million in trades, signaling strong early demand for XRP exposure within just 30 minutes of going live. By the end of the first trading day, volume hit $58 million, making it the biggest ETF launch of 2025. The product, issued by Canary Capital, topped more than 900 ETFs introduced this year and slightly edged out the Bitwise Solana Staking ETF (BSOL), which previously held the record.
XRPC is the first US-listed ETF offering direct exposure to XRP without requiring investors to hold the token themselves. Several other issuers, including Bitwise, 21Shares and Franklin Templeton, are also preparing spot XRP ETF filings.
Bloomberg’s Eric Balchunas said the early performance places XRPC above expectations. Commenting on the launch, Bitwise CIO Matt Hougan noted that ETF success depends on passionate demand, not broad but weak interest. “ETFs die from apathy, not disagreement,” he said.
Despite the strong ETF debut, XRP’s price hasn’t followed the same momentum. The token is trading around $2.30, down 8% in the past day. Popular trader DonAlt said he exited his position after seeing the rally lose strength.
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