Canary Capital’s new XRP exchange-traded fund (ETF) became the most successful ETF debut of 2025, posting the highest day-one trading volume among more than 900 launches this year.
The ETF, called XRPC, reached $58.6 million in volume on its first day of trading, with total inflows of about $245 million.
The ETF had strong early activity, trading $26 million in the first 30 minutes, exceeding expectations of around $17 million. Its debut slightly outpaced Bitwise’s Solana ETF, which posted $57 million on day one.
Analysts say XRPC is mainly aimed at institutional investors like pension funds, hedge funds, and family offices, offering regulated XRP exposure without dealing with exchanges or self-custody.
Despite the ETF’s success, XRP’s price fell 5.2%, trading at $2.30 at press time. The broader crypto market also showed weakness, with the total market cap dropping nearly 4% to $3.2 trillion, and all top ten cryptocurrencies in the red.
Experts note that while XRP is down in the short term, long-term sentiment remains positive. A shrinking supply on exchanges, rising on-chain activity, and growing institutional interest could support the token in Q4 2025.
