XRP ETF Debut Raises $55.5M, Ties Solana Record
The Canary Capital XRP ETF (XRPC) launched on November 13, 2025, posting a first-day trading volume of $55.5 million—tying Bitwise’s Solana ETF record. XRP ETF moved 2.26 million shares and closed at $24.55 after an 11% intraday swing between $24.22 and $26.89. The strong debut underscores institutional and retail demand for regulated XRP ETF exposure via traditional brokerages, bypassing crypto exchanges. With pending filings from Grayscale, WisdomTree, Franklin Templeton and others, competition for altcoin ETF market share is heating up. This successful launch validates the appeal of altcoin ETFs beyond Bitcoin and Ethereum, signaling deeper liquidity and active price discovery for XRP ETF products.
Bullish
The strong debut of the XRP ETF—with $55.5 million in first-day volume, tied record levels and significant intraday volatility—reflects robust institutional and retail demand. In the short term, heightened trading volume and price swings drive active market participation and liquidity. Over the long term, multiple pending ETF filings and growing investor appetite for regulated altcoin products suggest sustained inflows and deeper market development for XRP, supporting upward price momentum.