According to data provided by Bloomberg analyst Eric Balchunas, XRPC, a spot cryptocurrency ETF offered by Canarary Capital, has become the biggest ETF launch of 2025 with $58 million in day-one trading volume.
$XRP update:
Unfortunate, started off strong ended weak
I'll try again another time, took the tiny scratch and am gonna chill for a while
Already unloaded my spot bags, gonna retire trading accounts too until something crazy happens pic.twitter.com/CNwy0vxTTR
It has slightly outperformed the Bitwise Solana Staking ETF (BSOL), which began trading on Oct. 28.
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The ETF is the first US-based product that gives investors pure direct exposure to XRP, which means that they don't actually have to hold the tokens themselves.
More spot XRP ETFs in the pipeline
There are also multiple other spot XRP ETFs that are currently in the pipeline.
These include offerings from such issuers as Bitwise, Canary Capital, 21Shares, Franklin Templeton, and other players.
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XRP price plunges lower
In the meantime, XRP is currently trading at $2.30, down 8% over the past 24 hours despite the ETF launch.
DonAlt, a popular pseudonymous cryptocurrency trader, says that he has exited his XRP position after its strength fizzled out.
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