Canary Capital’s long‑awaited spot XRP ETF (ticker XRPC) debuted with a bang – drawing roughly $58 million in first‑day trading volume.
The ETF’s first‐day volume topped every other fund launch this year, according to Bloomberg ETF analyst Eric Balchunas.
Yet the record‐breaking debut failed to lift XRP’s price; the coin slipped about 2.3% to $2.31 on the day. Crypto analyst Xoom (Mr_Xoom) seized on the news to warn that ETFs alone can’t propel XRP to $10 or $100. As he tweeted, “No, XRP will not go to $100 or even $10 with just ETFs.”
As reported by ZyCrypto, Canary’s XRP ETF outperformed over 900 ETF launches in 2025, closing its first day with $58 million in volume.
Roughly $26 million of that traded in the opening hour. The debut marginally beat Bitwise’s new Solana ETF (57M) as the year’s largest opening day.
Analysts noted the fund actually saw about $250 million in net inflows on day one, thanks to an in‑kind creation model.
Despite this institutional demand, XRP’s market price was essentially flat. Canary’s ETF launch coincided with a broad crypto market pullback, leaving XRP around $2.31 at day’s end.
Analyst Xoom Snuffs $10/$100 Speculation
Still, many retail traders had fantasized that an XRP ETF would ignite a massive rally to $10 or $100. Xoom – a well‑known crypto strategist – cautioned that this expectation is “unrealistic.”
In posts on social media, he called the ETF “great news” for opening XRP to “mature, non‑crypto” investors, but he stressed it is not “the single factor” that will send the price to those lofty levels.
Source: X“ETFs alone” won’t magically multiply XRP’s market cap, Xoom argued. This aligns with other analysts’ views that ETFs validate an asset but don’t guarantee outsized gains.
Industry analysts say ETFs give crypto a regulated entry point, but they do not instantly transform fundamentals. The first Bitcoin and Ethereum ETFs saw steady flows but only modest price moves initially.
Xoom emphasized that while the initial ETF inflows may provide some upward pressure, lasting price appreciation depends on utility and usage.
As one Binance research piece noted, “lasting appreciation will depend on real‐world utility, liquidity improvements, and adoption of XRP in cross‐border payment infrastructure.”
Long‑Term Growth Tied to Adoption
Looking ahead, Xoom urged patience. He pointed to XRP’s ongoing integration in global payments and to adoption by banks and fintech firms as the true growth drivers.
The ETF may boost trading volume and visibility in the short term, but it “is unlikely to alter core fundamentals overnight.”
In fact, even after the Canary ETF launch, analysts noted that ETF arrivals are seen as broadly bullish, yet XRP’s price eased amid broader market weakness.
For now, experts say investors should view an XRP ETF as a milestone of maturity, not a price supercharger. As Xoom and others stress, real-world adoption and network use will matter far more over time.
An XRP ETF may bring new participants, but “patience” and fundamentals will ultimately shape XRP’s path forward.
Source: https://zycrypto.com/expert-on-why-etfs-alone-cant-send-ripples-xrp-to-10-or-100-valuation/
