- Canary Capital’s XRPC ETF posts $58M debut day volume, leading 2025.
- The ETF surpassed Solana’s previous first-day record.
- Demonstrates growing institutional interest in altcoin ETFs.
Canary Capital’s XRPC ETF, the first U.S. spot ETF for XRP, made a groundbreaking debut with a $58 million volume on its first trading day, surpassing all 2025 launches.
With the XRPC ETF’s record-breaking volume, the event underscores the increasing institutional interest in altcoin ETFs, indicating a shift in market dynamics beyond Bitcoin and Ethereum.
The XRPC ETF by Canary Capital set a new first-day trading volume record in 2025, reaching $58 million. This volume narrowly surpassed the previous record held by Bitwise’s Solana ETF. Institutional interest was apparent, indicating a shift in digital asset exposure strategies.
Canary Capital issued the XRPC ETF, marking the first U.S. spot ETF offering direct exposure to XRP. The launch included significant institutional engagement, suggesting diversification beyond dominant assets like Bitcoin and Ethereum.
“First day for $XRPC ETF beats every 2025 debut—$58M traded. Big institutional interest beyond BTC/ETH.” — Eric Balchunas, ETF Analyst, Bloomberg
Eric Balchunas of Bloomberg noted the significance of this event in market insights.
The ETF launch created notable market effects; XRP saw a price decline of 8%, attributed to increased trading activity. Approximately $9.09 million of XRP long positions were liquidated according to Whale Alert, reflecting volatility post-ETF release in exchange-traded derivatives.
Regulatory responses remain unrecorded at this junction, despite the profound market activity. No statements from the SEC or related bodies have emerged. However, regulatory accommodation is suggested by the ETF’s approval, marking increased openness to altcoin securities.
Long-term impacts may include fortified acceptance of altcoins in regulated investment products. This aligns with historical trends indicating shifting institutional preferences. The debut reinforces demand for non-BTC/ETH assets, with the potential to spur similar offerings from other financial entities.
