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Canary Capital’s lengthy‑awaited spot XRP ETF (ticker XRPC) debuted with a bang – drawing roughly $58 million in first‑day buying and selling quantity.
The ETF’s first‐day quantity topped each different fund launch this yr, based on Bloomberg ETF analyst Eric Balchunas.
But the document‐breaking debut didn’t raise XRP’s worth; the coin slipped about 2.3% to $2.31 on the day. Crypto analyst Xoom (Mr_Xoom) seized on the information to warn that ETFs alone can’t propel XRP to $10 or $100. As he tweeted, “No, XRP won’t go to $100 and even $10 with simply ETFs.”
As reported by ZyCrypto, Canary’s XRP ETF outperformed over 900 ETF launches in 2025, closing its first day with $58 million in quantity.
Roughly $26 million of that traded within the opening hour. The debut marginally beat Bitwise’s new Solana ETF (57M) because the yr’s largest opening day.
 
Analysts famous the fund truly noticed about $250 million in internet inflows on day one, due to an in‑sort creation mannequin.
Regardless of this institutional demand, XRP’s market worth was primarily flat. Canary’s ETF launch coincided with a broad crypto market pullback, leaving XRP round $2.31 at day’s finish.
Analyst Xoom Snuffs $10/$100 Hypothesis
Nonetheless, many retail merchants had fantasized that an XRP ETF would ignite a large rally to $10 or $100. Xoom – a properly‑recognized crypto strategist – cautioned that this expectation is “unrealistic.”
In posts on social media, he known as the ETF “nice information” for opening XRP to “mature, non‑crypto” buyers, however he confused it isn’t “the one issue” that can ship the value to these lofty ranges.
“ETFs alone” received’t magically multiply XRP’s market cap, Xoom argued. This aligns with different analysts’ views that ETFs validate an asset however don’t assure outsized beneficial properties.
Business analysts say ETFs give crypto a regulated entry level, however they don’t immediately rework fundamentals. The primary Bitcoin and Ethereum ETFs noticed regular flows however solely modest worth strikes initially.
Xoom emphasised that whereas the preliminary ETF inflows could present some upward stress, lasting worth appreciation is determined by utility and utilization.
As one Binance analysis piece famous, “finaling appreciation will rely on actual‐world utility, liquidity enhancements, and adoption of XRP in cross‐border cost infrastructure.”
Lengthy‑Time period Progress Tied to Adoption
Trying forward, Xoom urged endurance. He pointed to XRP’s ongoing integration in world funds and to adoption by banks and fintech corporations because the true progress drivers.
The ETF could enhance buying and selling quantity and visibility within the brief time period, nevertheless it “is unlikely to change core fundamentals in a single day.”
In truth, even after the Canary ETF launch, analysts famous that ETF arrivals are seen as broadly bullish, but XRP’s worth eased amid broader market weak point.
For now, specialists say buyers ought to view an XRP ETF as a milestone of maturity, not a worth supercharger. As Xoom and others stress, real-world adoption and community use will matter much more over time.
An XRP ETF could convey new individuals, however “endurance” and fundamentals will in the end form XRP’s path ahead.
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