Canary Capital’s XRP ETF Launch Achieves Record Inflows and Volume
- Canary Capital’s XRP ETF debuted with $58 million in trading volume, the highest for any ETF launched in 2025.
- The fund attracted over $250 million in inflows on its first day, surpassing all other crypto ETFs.
- The success is attributed to an in-kind creation model approved by the SEC, allowing shares to be exchanged for XRP tokens.
- Smart money traders added $44 million in net long positions for XRP within a day of the ETF launch.
- XRP is currently trading near $2.30, indicating relative stability amid cautious investor sentiment.
The debut of the ETF has prompted significant interest in altcoins, particularly XRP, as evidenced by substantial inflows and trading activity. The approval of in-kind transactions by the SEC has facilitated this growth.
With $250 million in inflows and a trading volume of $58 million on its first day, the Canary Capital XRP ETF sets a new benchmark for both crypto and traditional ETFs launched this year. (Source)
