📢 XRP ETF Posts Year’s Strongest Debut With $58 Million in First-Day Trading

Canary Capital’s spot XRP ETF (XRPC) opened with $58 million in first-day trading volume, the strongest debut of any exchange-traded fund launched this year, even as crypto prices extended losses.

Days after filing its pre-launch registration with the SEC, the fund began trading and immediately attracted heavier-than-expected flows and strong early interest.

The benchmark figure was first noted by Bloomberg senior ETF analyst Eric Balchunas, who tweeted Thursday, citing Bloomberg data, that Canary’s ETF “barely” edged out Bitwise’s Solana staking ETF, which drew $57 million when it listed late last month.

The scale of the flows was unexpected. Balchunas initially projected around $17 million for XRPC, yet the fund cleared that within half an hour and closed the session as the year’s top debut.

Canary’s XRP ETF closed its debut session at $24.55, down 7.8% after a volatile first day, according to Barchart data.

XRPC’s debut performance came as broader crypto markets spent the day in the red, down 3.5% in market capitalization terms to $3.43 trillion, per CoinGecko data.

If XRPC “continues to see steady inflows and creations,” it could be a “strong sign” for how “institutions are treating this as a long-term allocation,” Samantha said, adding that should the flows cool off, it could mean “market-makers might be what dominated the early volume.”

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