Canary XRP ETF Sees Strong Trading Debut
- The Canary XRP ETF began trading in the U.S. on Thursday.
- It recorded $26 million in trading volume within the first 30 minutes, surpassing the full-day estimate of $17 million.
- The Bitwise Solana Staking ETF holds the first-day record for the year with $57 million in trading volume.
- This is the second U.S.-based XRP ETF following a September launch by Rex-Osprey, which attracted $38 million on its first day.
- XRP saw a price increase of about 3% to $2.42, contrasting with other major assets like Bitcoin and Ethereum, which were down for the day.
The Canary XRP ETF’s strong debut indicates significant market interest, as it quickly surpassed expectations for its initial trading volume. The fund’s early performance suggests potential demand for exposure to crypto assets beyond traditional options like Bitcoin and Ethereum.
With a robust start, the Canary XRP ETF may challenge existing records set by other funds this year, highlighting investor appetite for diverse cryptocurrency investments beyond mainstream choices. (Source)
