Canary Capital's XRPC Posts $58M Launch-Day Volume, Tops 2025 ETF Debuts

Published at 2025-11-14 07:09:35

Canary Capital's spot XRP ETF, trading under the ticker XRPC, debuted on Nasdaq on Nov. 13 and recorded about $58 million in first-day volume, making it the highest-volume ETF launch so far in 2025. The lively first session outpaced other launches this year and gave investors a regulated on-ramp to XRP without requiring direct token custody.

The robust reception underscores continued demand for spot crypto ETFs beyond Bitcoin and Ether and may spur competing issuers to accelerate token-specific products. Higher launch liquidity can tighten spreads and improve price discovery for XRP while the Nasdaq listing adds visibility; nevertheless, sustained impact will hinge on broader market conditions and evolving regulatory clarity around XRP. Canary Capital's performance sets an early benchmark for late-2025 ETF competition.

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