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Canary Capital’s spot XRP ETF (XRPC) had a powerful debut on Wall Avenue. XRPC generated $58 million in quantity on the primary buying and selling day, the very best for any ETF launched this yr.
Canary Capital’s XRP ETF Outperformed 900 ETF Launches Of 2025
Simply days after submitting its pre-launch paperwork with the U.S. Securities and Change Fee (SEC), Canary Capital’s XRP ETF began buying and selling and instantly garnered heavier-than-expected inflows.
The fund closed its first day with $58 million in buying and selling quantity, the very best for any exchange-traded fund launched this yr throughout greater than 900 crypto and conventional fund launches, stated Bloomberg ETF analyst Eric Balchunas. As ZyCrypto reported earlier, XRPC garnered $26 million throughout the first hour of buying and selling alone.
The $58M tally narrowly edged out Bitwise’s Solana ETF (BSOL), which did about $57 million in day-one quantity.
“The 2 of them are in league of personal tho as third place is over $20m away,” Balchunas famous Thursday, referencing the blockbuster XRPC and BSOL debuts this yr.
 
XRPC posted roughly $250 million in inflows throughout its first buying and selling day. A part of the explanation behind the ETF’s robust begin was the fund’s in-kind creation mannequin, in line with NovaDius Wealth President Nate Geraci.
“A number of folks asking the way it’s potential to have ‘solely’ $59mil buying and selling quantity, however practically $250mil inflows… The reply? In-kind creations, which don’t present up in buying and selling quantity,” stated Geraci in a Thursday submit on X.
The XRP ETF has been on the crypto neighborhood’s radar since 2024 after Bitcoin and Ether funds went reside, with the chance of an XRP product rocketing following the return of US President Donald Trump to the White Home in and the following pro-crypto regulatory stance.
Crypto traders contemplate spot ETFs as bullish worth catalysts for the underlying property, because the funding merchandise draw capital from conventional monetary markets into the crypto market. However, the worth of XRP dipped following the Canary ETF debut amid a broader market downturn.
The Ripple-affiliated cross-border funds token was altering arms at $2.31 as of press time, reflecting a 2.3% drop on the day, in line with crypto market information supplier CoinGecko.
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