Canary Capital's XRP ETF Sees $26M Traded in First 30 Minutes

Published at 2025-11-13 19:33:09

Canary Capital's XRP ETF debuted today and recorded about $26 million in trading volume in its first 30 minutes on the market, according to preliminary exchange data. The product drew a quick flurry of orders at launch as traders and investors scrambled for exposure to XRP through an exchange-traded vehicle.

The early surge matters because ETFs are a familiar conduit for institutional and retail capital; heavy opening flows can improve liquidity and price discovery for the underlying asset. Market participants will be watching whether the momentum sustains beyond the initial rush, how secondary-market spreads evolve, and whether this offering drives broader adoption of XRP exposure in regulated channels. Initial launch spikes often normalize, but continued inflows could make the fund a meaningful channel for crypto capital.

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