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Canary Capital’s newly launched XRP exchange-traded fund (ETF), XRPC, has delivered a standout performance on its debut, securing the highest first-day trading volume among over 900 ETF launches in 2025. The fund recorded $58.6 million in day-one trading volume and attracted an impressive $245 million in inflows, signaling a powerful surge in institutional demand for regulated XRP exposure.
Record-Breaking ETF Launch Outshines Competitors
The strong launch exceeded industry expectations. Bloomberg senior ETF analyst Eric Balchunas noted that XRPC generated $26 million in trading volume in its first 30 minutes, sharply beating earlier estimates of $17 million. By market close, the volume had surged to nearly $58.6 million, edging out Bitwise’s Solana ETF (BSOL), which posted $57 million on its opening day.
This performance not only underscores interest in XRP-linked investment products but also reflects a broader trend: crypto ETFs are increasingly dominating top ETF launches across traditional finance.
Why Institutions Are Flocking to XRPC
Analysts suggest that XRPC is particularly tailored for institutional investors, including pension funds, family offices, and hedge funds — groups that often face regulatory constraints in holding crypto assets directly. A regulated ETF provides a compliant, custodian-managed exposure to XRP without the complexities of exchange accounts or self-custody.
Market observers believe this may accelerate XRP-related inflows before algorithmic arbitrage stabilizes the new vehicle. Some analysts even forecast potential upside pressure on XRP as institutional involvement deepens.
XRP Price Drops Despite ETF Strength
Interestingly, XRPC’s blockbuster debut did not translate into immediate gains for XRP itself. The token fell 5.2% to $2.3 over the past 24 hours, mirroring the broader crypto market downturn. Total global crypto market capitalization dipped nearly 4% to $3.2 trillion, with all top-ten assets trading in the red.
While the pullback reflects short-term market cooling, sentiment around XRP remains broadly optimistic. Analysts point to shrinking exchange supply, increased network activity, and renewed institutional demand as bullish indicators for Q4 2025.
Also Read: XRP Could Be Legally Classified as a Commodity Under New U.S. Bill
A Milestone Moment for XRP and Crypto ETFs
XRPC’s record-setting launch adds to the growing momentum behind crypto ETFs as bridges between digital assets and traditional finance. With institutions increasingly embracing regulated crypto exposure, and XRP’s fundamental indicators strengthening, the coming months may define a pivotal chapter for XRP’s long-term growth trajectory.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
