Sweet Debut for XRP ETF: $58 Million in Volume on First Day Trading

The first U.S. spot ETF linked to XRP made a striking entrance into the market, signaling growing investor appetite for regulated crypto products. Canary Capital’s XRPC ETF, designed to provide direct exposure to the payments-focused token XRP, recorded an impressive $58 million in trading volume on its very first day of trading. 

This debut not only highlights the popularity of XRP among institutional and retail investors but also reflects the rising demand for mainstream investment vehicles that allow exposure to altcoins beyond the traditional heavyweights like Bitcoin and Ethereum.

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XRPC ETF’s First-Day Performance

The XRPC ETF’s opening-day success narrowly surpassed the first-day volume of Bitwise’s Solana ETF, which recorded $57 million. Bloomberg analyst Eric Balchunas noted that no other ETF launched this year came close, with the third-place debut trailing by more than $20 million. 

The strong showing puts the XRPC ETF at the forefront of digital asset ETFs in 2025 and reinforces the perception that XRP continues to attract significant institutional interest.

Read also: XRP ETF: Post-Election Approval Odds

Growing Institutional Interest in XRP

While XRP’s price saw only modest immediate movement, the high trading volume of the XRPC ETF underscores an emerging trend, investors are increasingly seeking regulated avenues to participate in altcoin markets. 

ETFs like XRPC offer a bridge between the traditional financial system and digital assets, providing a more secure, compliant way to invest in cryptocurrencies with real-world applications.

XRP, powered by the XRP Ledger, is valued not only as a tradable token but also as a scalable payment solution. The launch of the XRPC ETF allows investors to gain exposure to this ecosystem without directly holding the cryptocurrency, which can simplify portfolio management and reduce risks associated with self-custody.

Read also: XRP and XRPC - What Sets Them Apart?

Implications for the Market

The early success of this XRP ETF demonstrates that altcoin-focused ETFs are gaining traction in the U.S. financial market. 

By combining regulatory oversight with the potential of innovative blockchain technology, the ETF provides a new option for investors who want diversified exposure beyond Bitcoin and Ethereum.

While it is too early to predict whether this strong debut will translate into sustained growth, the XRPC ETF’s initial performance indicates strong confidence in XRP’s utility and the continued mainstream adoption of crypto investment products.

FAQ

What is the XRPC ETF?

The XRPC ETF is a U.S.-based exchange-traded fund that provides direct exposure to the cryptocurrency XRP.

How much volume did the XRPC ETF generate on its first day?

The ETF recorded $58 million in trading volume on its debut.

Does the XRPC ETF affect XRP’s price?

While the first-day trading volume was high, XRP’s immediate price reaction was muted. The ETF mainly serves as a regulated investment vehicle.

Why is the XRPC ETF significant?

It marks the first U.S. spot ETF linked to XRP, offering investors a compliant way to access altcoins beyond Bitcoin and Ethereum.

How does an XRP ETF differ from buying XRP directly?

An ETF provides exposure to the cryptocurrency without requiring investors to manage wallets or private keys, offering a more traditional investment structure.