Canary Capital's XRP ETF Logs $58M Day-One Inflow, Beats BSOL
Canary Capital’s XRP exchange-traded product posted $58 million in trading volume on its first day, a figure that exceeded opening flows into Bitwise’s Solana Staking ETF (BSOL). The strong debut makes Canary’s vehicle one of the largest day-one performers among recent altcoin-focused ETFs and highlights immediate investor interest in XRP exposure through regulated fund wrappers.
The footprint matters because inaugural flows often set the tone for secondary market liquidity and future product competition. A higher-than-expected launch suggests allocators are willing to route capital into XRP strategies, which could encourage more issuers to pursue similar offerings and reshape how speculative capital is distributed between staking-focused products and token-based ETFs.