XRP News Today: Canary XRP ETF Surpasses Solana on Debut With $245M in Inflows

Canary XRP ETF (XRPC) surpasses Solana with $245M in inflows and $59M in trading volume, marking a strong debut despite XRP price drop.

The Canary XRP ETF (XRPC) made a powerful debut, attracting $245 million in net inflows. This impressive figure surpassed the inflows of the Solana ETF and BlackRock’s Bitcoin ETF. 

Despite an 8% drop in XRP’s price on the same day, the ETF’s performance highlighted strong investor interest. The debut of the Canary XRP ETF is a notable event for the crypto market in 2025.

Canary XRP ETF Sets New Records

On its first day, the Canary XRP ETF recorded $245 million in net inflows. This surpassed the performance of all other spot Bitcoin ETFs, including the BlackRock Bitcoin ETF (IBIT). The ETF’s debut also achieved $59 million in trading volume, which was higher than that of Solana’s ETF, which saw $57 million.

This performance set a new record among the 900 ETF launches in 2025. The ETF managed to draw attention even in a down market, reflecting the strong demand for XRP. Bloomberg ETF analyst James Seyffart stated, “Doing it on a down day like today is pretty impressive.”

Such strong debut numbers highlight the potential of XRP as an investment. The success of the Canary XRP ETF is a clear indication of growing interest in this cryptocurrency.

Canary Capital CEO Discusses ETF Success

Steven McClurg, CEO of Canary Capital, expressed pride in the ETF’s debut. He pointed out that the $245 million in inflows surpassed those of major spot Bitcoin ETFs.

McClurg noted that the $59 million trading volume was only part of the picture. “In-kind creations don’t show up in trading volume,” he explained.

McClurg’s comments reflect the unique structure of the ETF, which does not rely solely on trading volume to measure success. The higher inflows show the significant interest in the product, even if the trading volume is not fully reflective of it.

Canary Capital’s achievement marks a major milestone in the growing popularity of XRP.

XRP Price Declines Amid ETF Success

Despite the ETF’s success, XRP’s price dropped by 8% on the day of the launch. The price fell to $2.28, although it reached a high of $2.52 in the 24 hours. This price fluctuation is typical in volatile markets and does not undermine the ETF’s positive performance.

XRP  price is still affected by broader market conditions, which have seen declines in major cryptocurrencies like Solana.

At the time of writing, Solana’s price had dropped to $143.56, down 8% from the previous day. However, the ETF launch continues to show strong investor demand for XRP, despite the price decline.

While XRP’s price faces short-term challenges, the ETF’s success points to continued investor confidence. The launch of the Canary XRP ETF could drive long-term growth and development for XRP.

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