Canary XRP ETF Posts $59M First-Day Volume, Matches Top Crypto ETF Debut
The newly launched Canary XRP exchange-traded fund registered $59 million in trading volume on its first day of trading, November 13, matching the biggest crypto ETF debut seen so far this year. Tied to Ripple’s XRP token, the ETF’s strong opening signals significant institutional demand for regulated, portfolio-friendly exposure to the digital asset. Market participants say the debut matters because it can lift XRP liquidity and make the token more accessible to traditional investors who prefer ETF wrappers over direct custody. The result also heightens competition among spot crypto ETFs and could influence future product approvals or inflows, especially if the fund sustains interest beyond the initial launch window. Traders and portfolio managers will be watching for follow-through in volume and pricing to judge whether this interest translates into longer-term allocations to XRP.