The post $59M Traded, XRP Price Falls in ‘Sell the News’ appeared on BitcoinEthereumNews.com. XRPC ETF launches with nearly $59M volume, beating Solana’s debut record. The fund hit $26M in just 38 minutes, called “explosive.” XRP price dropped 7–8% after launch, reflecting broader crypto weakness. The first spot XRP ETF in the US has wrapped up its opening day, and it delivered a show even analysts didn’t see coming. Canary Capital’s XRPC ETF closed with nearly $59M in trading volume, instantly becoming the biggest ETF launch of 2025. This debut pushed past the previous leader, the Solana ETF from Bitwise, which had recorded $57M. Before the market closed, Canary Capital confirmed $58.5M in volume and $245M in net inflows across Robinhood, Nasdaq, and other platforms. Related: 11 XRP ETF Listings Surface on DTCC—But How Close Are They to Launch? Analysts Call It “Explosive” Bloomberg’s ETF analysts watched the launch in real time. James Seyffart said early on that the volume looked “ridiculously strong” and would likely finish above $59M. Eric Balchunas described the opening as “explosive,” revealing that XRPC hit $26M in just 38 minutes. As the session continued, he confirmed what many hoped for: XRPC officially beat Solana’s ETF debut and is now the strongest launch of the year. But XRP Price Didn’t Celebrate While the ETF took off, XRP’s actual price went the other way. The token slid about 8% from the mid 2.50 range to around 2.45 after the launch. Experts called it a classic “sell the news” moment. Many investors who bought XRP during the hype leading up to the ETF launch appeared to be taking profits once the news finally landed. This same pattern happened when Bitcoin launched its spot ETFs, so it’s not entirely surprising to analysts. At the time of writing, XRP price has dipped to $2.30 after a 7% fall. However, this is not just XRP—the… The post $59M Traded, XRP Price Falls in ‘Sell the News’ appeared on BitcoinEthereumNews.com. XRPC ETF launches with nearly $59M volume, beating Solana’s debut record. The fund hit $26M in just 38 minutes, called “explosive.” XRP price dropped 7–8% after launch, reflecting broader crypto weakness. The first spot XRP ETF in the US has wrapped up its opening day, and it delivered a show even analysts didn’t see coming. Canary Capital’s XRPC ETF closed with nearly $59M in trading volume, instantly becoming the biggest ETF launch of 2025. This debut pushed past the previous leader, the Solana ETF from Bitwise, which had recorded $57M. Before the market closed, Canary Capital confirmed $58.5M in volume and $245M in net inflows across Robinhood, Nasdaq, and other platforms. Related: 11 XRP ETF Listings Surface on DTCC—But How Close Are They to Launch? Analysts Call It “Explosive” Bloomberg’s ETF analysts watched the launch in real time. James Seyffart said early on that the volume looked “ridiculously strong” and would likely finish above $59M. Eric Balchunas described the opening as “explosive,” revealing that XRPC hit $26M in just 38 minutes. As the session continued, he confirmed what many hoped for: XRPC officially beat Solana’s ETF debut and is now the strongest launch of the year. But XRP Price Didn’t Celebrate While the ETF took off, XRP’s actual price went the other way. The token slid about 8% from the mid 2.50 range to around 2.45 after the launch. Experts called it a classic “sell the news” moment. Many investors who bought XRP during the hype leading up to the ETF launch appeared to be taking profits once the news finally landed. This same pattern happened when Bitcoin launched its spot ETFs, so it’s not entirely surprising to analysts. At the time of writing, XRP price has dipped to $2.30 after a 7% fall. However, this is not just XRP—the…