Canary Capital Launches Spot XRP ETF, $XRPC Ignites Massive Trading Frenzy

Canary Capital has officially pulled the trigger on its highly anticipated spot XRP ETF, $XRPC, and the market is already going wild.

In just its first 30 minutes of trading, the fund recorded a $26 million trading volume, setting the tone for what could be one of 2025’s biggest ETF debuts.

By the end of the full trading day, projections point to a staggering $338 million in total volume, easily surpassing competitors like $BSOL, which clocked in at just $57 million on its own launch day.

The crowd isn’t just watching, they’re diving in headfirst.

A New Chapter for XRP

Launched in 2012, XRP was designed for fast, low-cost global payments. Built on the XRP Ledger, a decentralized blockchain optimized for speed and efficiency, XRP has long been positioned as the “bridge asset” connecting traditional finance to digital liquidity.

While Bitcoin fights to be digital gold and Ethereum powers decentralized finance, XRP’s mission has always been simple, move value fast, cheap, and anywhere in the world.

That same utility narrative is what fuels excitement behind this ETF. For years, XRP’s institutional potential has hovered just out of reach. Now, Canary Capital’s spot ETF finally opens that door, bringing XRP exposure to a much broader range of traditional investors.

The Launch Numbers Tell the Story

It’s rare for a crypto ETF to come out swinging this hard on day one. But $XRPC didn’t waste a second.

•  Opening price: $40
•  Current price: $26.57 (according to Nasdaq)
•  Tokens held: 223.7 million XRP
•  Fund valuation: $557 million (based on XRP’s current $2.50 price)

That’s a serious opening move, and it puts $XRPC squarely in contention for 2025’s biggest ETF launch.

For the XRP community, this moment feels like redemption. After years of regulatory uncertainty and legal battles, seeing a U.S.-listed spot XRP ETF go live marks a defining shift in the asset’s journey.

It’s not just about one product. It’s about validation.

The ETF listing signals that institutional players are ready to treat XRP as a mature, investable digital asset, not just a speculative coin.

Canary Capital’s Ambition

Canary Capital has built a reputation for spotting opportunities ahead of the curve, and this ETF might be its boldest play yet.

The firm’s Canary XRP ETF (the “Fund”) offers direct exposure to XRP without the need for investors to handle wallets, exchanges, or private keys. That simplicity could be a game-changer for traditional finance participants who’ve been hesitant to enter the crypto space.

And it’s easy to see why the confidence is high. With XRP’s clear use case in cross-border payments and the growing appetite for tokenized assets, $XRPC arrives at a perfect intersection of utility and accessibility.

Ripple Effect Across the Market

The $XRPC launch also sent subtle ripples across the wider crypto market. XRP’s spot price climbed to $2.50, reflecting renewed interest and optimism around the token’s mainstream integration.

Traders are already speculating whether the ETF’s success could spark similar products for other high-utility assets.

While Bitcoin and Ethereum spot ETFs paved the way, XRP’s entry broadens the field, particularly for assets with real-world payment and settlement use cases.

Analysts say it’s a sign that crypto ETFs are evolving beyond store-of-value plays. Instead, they’re starting to represent practical blockchain ecosystems.

Eyes on the Throne

Still, the numbers and sentiment speak for themselves. $XRPC’s first-day performance dwarfed most ETF debuts, and community buzz shows no signs of cooling off.

The XRP community has waited over a decade to see the asset recognized at this level, and Canary’s timing couldn’t be better.

As more traditional investors look for diversified exposure to blockchain ecosystems, $XRPC positions itself as the go-to vehicle for XRP adoption.

The question now is simple: Can it sustain the momentum?

With $557 million already under management, a roaring first-day volume, and the full force of the XRP community behind it, Canary’s $XRPC ETF may well be writing the first page of XRP’s next big chapter.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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