Canary’s XRP ETF Tops 2025 Debuts with $58M Day-One Volume

Canary Capital’s XRPC, the first US spot exchange-traded fund (ETF) linked to the XRP payments-focused token, marked an impressive debut on Thursday with $58 million in trading volume – the highest for any ETF launched this year out of more than 900 fund launches. according to Eric Balchunas, Bloomberg ETF analyst.

The volume count narrowed Bitwise’s Solana ETF (BSOL), which registered $57 million on its first day, putting the two funds in a league of their own as the clear front-runners for 2025. In particular, the third place of the pioneer ETF was behind by more than $20 million, highlighting the strong demand of digital investors and the interest focused on these two investors digital.

The strong start of the XRPC ETF indicates a growing institutional interest in diversifying their investment into digital assets beyond bitcoin and ether. Despite an immediate muted price reaction for XRP itself, the ETF’s strong trading volume indicates growing demand for regulated and mainstream investment vehicles that offer direct exposure to altcoins.

It remains to be seen if early volume trends for the XRPC ETF will continue, underpinning investor interest in the real-world payment utility and scalability of the XRP Ledger.