Canary Capital’s XRP ETF Achieves Record First-Day Trading Volume
- Canary Capital’s spot XRP ETF (XRPC) recorded $58 million in first-day trading volume, surpassing any other ETF debut this year.
- The fund slightly outperformed Bitwise’s Solana staking ETF, which had a $57 million opening.
- XRPC closed its first day at $24.55, down by 7.8% amid volatile market conditions.
- Broader crypto markets were down by approximately 3.5%, with Bitcoin and Ether experiencing declines of around 3.4%% and 6.7%%, respectively.
- Analysts highlighted strong retail interest in XRP and increased institutional demand following regulatory clarity around the asset.
Canary Capital’s spot XRP ETF achieved a record-breaking debut with $58 million in trading volume, indicating significant investor interest despite broader market declines. The fund’s performance underscores the robust demand for alternative crypto exposure beyond established assets like Bitcoin and Ether.
The strong debut reflects both retail enthusiasm and renewed institutional confidence in XRP as a compliant investment option, driven by its regulatory status and community support.(Source)
