
The debut of Canary Capital’s XRPC spot XRP ETF achieved a record $58 million first-day trading volume, reflecting growing investor diversification beyond Bitcoin and Ethereum.
Canary Capital’s XRPC, the first U.S. spot XRP ETF, recorded $58 million in trading volume on its launch day, marking the largest debut among 2025 ETF launches. The ETF, custodied by Gemini Trust Company and BitGo Trust Company and priced via the CoinDesk XRP CCIXber benchmark, highlights the rising demand for regulated crypto investment vehicles beyond Bitcoin and Ethereum. This milestone follows Nasdaq’s prior certification and precedes expectations of continued institutional inflows into XRP-based products.