Canary's XRPC Debuts on Nasdaq, $26M Traded in First 30 Minutes
Canary Capital's spot XRP ETF began trading on Nasdaq today under the ticker XRPC and pulled in roughly $26 million of volume in the first half hour, a brisk start that signals immediate investor interest. The fast uptake highlights demand for regulated, exchange-listed XRP exposure and could improve price discovery and liquidity for the token by funneling institutional and retail money through a familiar ETF wrapper. Whether XRPC can outpace Bitwise's BSOL remains uncertain. Performance will hinge on factors such as fee and market-making structures, authorized participant support, and broader market rotation into XRP. It's a notable development for ETF competition in crypto, but investors should weigh potential volatility and the still-evolving regulatory and custody landscape before assuming sustained inflows.