Canary Capital's Spot XRP ETF Achieves $58 Million in First-Day Trading Volume, Setting the Strongest ETF Debut of the Year

Odaily Planet Daily News – The spot XRP ETF (ticker: XRPC) launched by Canary Capital officially debuted on Wall Street on Thursday, achieving a first-day trading volume of $58 million. According to Bloomberg ETF analyst Eric Balchunas, this marks the strongest first-day trading volume among nearly 900 newly issued ETFs this year, with $26 million traded in just the first hour. The previous record was held by Bitwise's Solana ETF (BSOL), which had a first-day trading volume of approximately $57 million. Another XRP ETF (XRPR) launched by REX Shares in September had previously set the year's highest record at $37.7 million. Balchunas noted that the market performance of XRPC and BSOL is "far ahead," with a gap of over $20 million in first-day trading volume compared to the third-place ETF. Against the backdrop of overall market pressure, the price of XRP remained around $2.30 on Thursday. (The Block)