Canary XRP Spot ETF Posts $26M in 30 Minutes, Eyes Record-Breaking Debut

Published at 2025-11-13 23:57:43

Canary's XRP spot ETF logged about $26 million in trading volume within the first half-hour after launch, a pace that likely eclipsed the issuer's full-day projection. The fund manager said the product has a "good shot" at a record-breaking debut as both retail and institutional orders poured in during the opening minutes, putting the ETF squarely in the spotlight on launch day.

The burst of early volume matters because it tests real demand for regulated XRP exposure and can quickly influence liquidity, spreads and secondary-market prices. Market participants will be watching whether flows sustain through the session and into coming days — sustained momentum could set a new benchmark for crypto spot ETF launches and push other issuers and asset managers to accelerate similar products.

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