Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
Just after its launch on Thursday, November 13, the Canary XRP ETF is already beating expectations, as it recorded an astonishing $26 million in volume in the first 30 minutes of its grand debut.
Eric Balchunas, senior ETF analyst for Bloomberg, he shared This exciting update via its X handle, revealing that the stage saw XRPC surpass its initial predictions of $17 million.
XRPC is on track to surpass BSOL’s $57 million record
The analyst also shared data revealing that the ETF is priced at $26.54 per share. So, this means that about 1 million units were traded first within half an hour of its launch.
The initial momentum surrounding XRPC far exceeded initial expectations, beating the previous predictions of market experts. Apparently, this is attributable to the hype and high enthusiasm surrounding the product long before its official launch.
However, the rapid growth of activity witnessed by XRPC in its first trading session made the fund a strong contender at the recent launch. Bitwise Solana ETFBSOL.
While BSOL had achieved the highest first-day volume for any crypto ETF launch this year with a massive record of $57 million, it seems that the Canary XRP ETF is right on track to break this record.
You may also like it
XRPC sees more than $150 million volume target on the first day
With a massive $26 million already achieved in the first 30 minutes of launch, market experts are already predicting the volume of the Canary XRP ETF to surpass a record $153 million before the end of its first trading day.
A popular crypto commentator, Chad Steingraber, shared this prediction on X, sparking further discussion throughout the crypto community.
You may also like it
While the launch of the first XRP ETF sparked more optimism about XRP’s upcoming price action, the main altcoin briefly responded positively to market speculation.
Currently being the topic of discussion in the cryptographic community, XRP immediately went positive with a surge of about 3% for the first minutes after XRPC was launched, defying the broad trend of the crypto market.
With all the top 10 cryptocurrencies, including Bitcoin, trading in deep red territory, XRP is the only leading altcoin showing a decent gain of 2.66% at the time of writing, hovering around the $2.40 mark.
