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According to data provided by Bloomberg analyst Eric Balchunas, XRPC, a spot cryptocurrency ETF offered by Canary Capital, has it becomes the largest ETF launch of 2025 with $58 million in daily trading volume.
It slightly outperformed the Bitwise Solana Staking ETF (BSOL), which began trading on October 28.
The ETF is the first US-based product that gives investors pure direct exposure to XRP, meaning they don’t need to hold the tokens themselves.
More spot XRP ETFs in the pipeline
There are also several other spot XRP ETFs that are currently in the pipeline.
These include offers from issuers such as Bitwise, Canary Capital, 21Shares, Franklin Templeton and other players.
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XRP price drops lower
Meanwhile, XRP is currently trading at $2.30, down 8% in the last 24 hours despite the ETF launch.
DonAlt, a famous pseudonymous cryptocurrency trader, says he has came out his XRP position after his strength fizzled out.
