Canary Capital's Spot XRP ETF Hits $36M in First Three Hours, Challenges BSOL
Canary Capital launched the first spot XRP ETF on Nov. 13 and saw immediate traction, with XRPC moving more than $36 million in volume during the first three hours of trading. The early activity has pushed the fund into contention for the strongest exchange-traded fund debut of 2025 and is being compared to the benchmark set by BSOL, signaling robust demand from traders and institutions curious about regulated XRP exposure.
The debut matters because a liquid, regulated XRP ETF could broaden market access and deepen on‑chain and off‑chain liquidity for XRP, potentially affecting price discovery and derivatives markets. Traders should note XRPC's intraday quote of $25.74 at 4:43 P.M., and market watchers will be watching whether the ETF can sustain volume beyond its opening session and how it measures up against prior ETF launch records.