Canary XRP ETF posts $55.5M first-day volume, matches Solana debut
The Canary XRP ETF delivered a blockbuster opening on 13 November, recording $55.5 million in first-day trading volume and moving 2.26 million shares while experiencing about 11% intraday volatility. That performance ties the year’s best crypto ETF debut, matching the strong initial showing previously set by a Solana product. Market participants noted brisk order flow and visible institutional-sized trades during peak hours.
The result matters because it signals renewed institutional appetite for XRP-based products and broader demand for regulated crypto exposure. Matching Solana’s debut suggests ETFs remain a prime channel for large investors to access tokenized assets without holding spot coins directly. Traders and product issuers will watch subsequent days for volume retention and whether the ETF helps tighten spreads or influence XRP’s secondary-market liquidity.