Canary Capital's Spot XRP ETF Posts $58M Debut, Tops 900 Rivals
Canary Capital’s first spot XRP ETF made a splash on Thursday, drawing $58 million in trading volume on day one — the biggest new‑ETF launch so far this year and a clear outperformance among roughly 900 contemporaneous filings. The debut was singled out by Bloomberg ETF analyst Eric Balchunas on X, who noted the size and speed of investor interest.
The strong opening matters because it signals tangible retail and institutional appetite for direct XRP exposure, boosting liquidity and potentially supporting secondary‑market prices. While a single‑day record doesn’t guarantee sustained inflows, the result intensifies competition in the spot crypto ETF arena and could encourage additional product launches and broader institutional engagement with XRP. Investors will be watching follow‑through volumes and regulatory developments to gauge whether the momentum persists.