Canary's spot XRP ETF posts $58M day-one, tops Bitwise's SOL ETF launch
Canary's newly launched spot XRP ETF recorded $58 million in day-one trading volume on Nov. 13, edging past Bitwise's Solana (SOL) ETF debut, which logged roughly $57 million. That roughly $1 million margin makes Canary's listing the top ETF launch for 2025 to date and highlights continued investor interest in spot crypto products.
The result underscores demand for exchange-traded exposure to major altcoins and intensifies competition among issuers chasing ETF flows. While the gap is modest, Canary's lead will be watched as a sign of XRP's institutional visibility and could prompt issuers to adjust marketing and fee strategies. Traders and fund managers will be monitoring whether this momentum sustains and how it affects short-term price action and longer-term net inflows.