XRPC Trading Hits $26 Million in 30 Minutes, Exceeds Analyst Forecast

XRPC Trading Hits $26 Million in 30 Minutes, Exceeds Analyst Forecast

Canary Capital’s spot XRP ETF debuted on Nasdaq with record-breaking volume, signaling growing demand for altcoin investment vehicles alongside mainstream crypto ETFs.

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XRP

Fact Check
The statement is highly likely to be true based on strong, consistent, and corroborating evidence from multiple reputable sources. The first part of the claim, that XRPC's trading volume reached $26 million within 30 minutes, is directly and explicitly supported by several financial and crypto-focused news outlets. A report from TheStreet confirms the ETF achieved "$26 million in trading volume within the first 30 minutes." This is echoed by reports from Cryptopolitan and CryptoBriefing, which state the exact same figures, creating a high degree of consistency. The second part of the claim, that this figure surpassed analyst forecasts, is also well-supported. A report from Decrypt states that the volume in the first 30 minutes surpassed the "full-day analyst target of $17 million." The summary for the Yahoo Finance source corroborates this, noting the volume surpassed the full-day forecast. This provides a specific benchmark that the $26 million achievement clearly exceeds.While the direct Nasdaq data feed summary does not contain the specific 30-minute figure, the collective reporting from numerous secondary sources is unanimous and specific. There are no contradictions in the provided evidence. The high debut volume of $36M reported by CryptoSlate is also consistent with the rapid accumulation of volume early in the trading day. The overwhelming weight and consistency of the evidence from multiple independent sources support the statement's truthfulness.
Summary

Canary Capital’s spot XRP ETF (XRPC) debuted on Nasdaq on November 13, 2025, with $58 million in first-day trading, making it the highest-volume ETF launch of the year. The fund recorded $26 million in its first 30 minutes, exceeding Bloomberg analyst Eric Balchunas’s $17 million estimate and surpassing Bitwise’s Solana ETF debut record of $57 million. The launch underlines increasing investor interest in diversified crypto ETFs beyond Bitcoin and Ether.

Terms & Concepts
  • XRP ETF: An exchange-traded fund providing investors exposure to the cryptocurrency XRP without requiring direct ownership of the asset.
  • Spot ETF: An exchange-traded fund that directly tracks the current market price of its underlying asset without using futures or derivatives.