Canary XRP ETF (XRPC) Posts $58.5M First-Day Volume, Outpaces BSOL
The Canary XRP ETF (XRPC) made a strong market entry, logging $58.5 million in trading volume and about $245 million in net asset inflows on its first day of trading, which coincided with the reopening of the U.S. government. Early data shows XRPC’s debut volume outpaced rival BSOL, signaling notable demand for another spot XRP product in the evolving ETF landscape.
The size of the initial flows matters because it highlights continued investor appetite for spot XRP exposure and adds competitive pressure among issuers seeking market share. While early inflows and volume are encouraging for Canary and could support short-term liquidity for XRP, market participants should view this as an opening snapshot—future performance will depend on sustained flows, fee structures and broader crypto market conditions.