XRPC Debuts as Biggest ETF Launch; Canary CEO Says $10 XRP Possible
Canary Capital’s spot XRP ETF, XRPC, officially launched yesterday and posted over $59 million in first-day trading volume, beating the previous record set by $BSOL and becoming the biggest ETF debut of 2025 so far, according to analysts tracking the launch. The strong opening underscores renewed institutional interest in XRP-based products and adds a liquid on‑ramp for investors seeking exposure to the token.
Canary’s CEO said the ETF could materially speed up price discovery and that reaching $10 per XRP is feasible if capital inflows remain steady, but he stopped short of providing a concrete timeline. The comments matter because sustained ETF demand could tighten supply on exchanges and draw fresh retail and institutional buyers, potentially amplifying price moves — though broader market conditions and regulatory developments will still play a decisive role.