Canary's XRP ETF achieved a trading volume of 58 million dollars on its first day.

Canary's XRP ETF Hits $58 Million in Volume on First Day

The first exchange-traded fund (ETF) tracking the price of XRP, the fourth most valuable cryptocurrency in the market, debuted yesterday on Wall Street with investors.

Canary Capital's Striking Start

Canary Capital's XRP ETF (XRPC) began trading on U.S. exchanges on November 13, 2025. According to Bloomberg's senior ETF analyst Eric Balchunas, the fund made a remarkable debut with a trading volume of $58 million, surpassing the all-time highest first-day volume record of $57 million among over 900 ETF launches in 2025.

Rapid Rise During First Hour of Trading

Balchunas noted that during the first hour of the day, XRPC generated only $26 million in volume. This figure clearly illustrates investors' interest in this new financial product. The previous highest figure was recorded by Bitwise's Solana ETF (BSOL).

Market Interest and Commentary

Eric Balchunas stated in a post regarding the launches of XRPC and BSOL, "Both have their own leagues because there is a gap of over $20 million with the third-ranked fund." The XRP ETF (XRPR) launched by REX Shares in September achieved a noteworthy performance with a trading volume of $37.7 million.

Bitwise CIO Matt Hogan pointed out that the success of ETFs is not solely measured by investor interest. "The general sentiment regarding cryptocurrencies does not determine an ETF's success. You would prefer 20% of people to love an asset over 80% having a vague fondness for it," his words help better understand the dynamics in the cryptocurrency markets.

The information provided here does not constitute investment advice. Investors should always conduct their own research and assess risks.