First US Spot XRP ETF Debuts With $58M Volume, Year's Best Launch
Canary Capital launched XRPC, the first US spot XRP ETF, on Nov. 14, 2025, and recorded roughly $58 million in trading volume on day one. That level of activity made XRPC the best-performing ETF debut so far this year, signaling notable investor appetite for regulated XRP exposure. The ticker XRPC quickly drew attention from both retail and institutional participants looking for easier access to the token.
The strong launch underscores demand for spot crypto products beyond Bitcoin and Ethereum and could prompt more issuers to introduce competing XRP funds. While day-one volume is only one metric, the debut may improve XRP liquidity and broaden pathways for mainstream adoption if sustained. Market watchers will be watching flows and custody arrangements in the coming weeks to see whether interest holds and how it affects broader crypto market dynamics.