First spot XRP ETF is LIVE: Recording $36M volume on debut, challenges BSOL record

Canary Capital’s spot XRP ETF (XRPC) went live on November 13th, achieving over $36 million in trading volume within its first three hours. This performance positions it as a strong contender for the best exchange-traded fund debut of 2025, potentially surpassing the $57 million first-day record set by Bitwise’s Solana ETF (BSOL). The strong initial volume, which represented 63% of BSOL's first-day performance, suggests concentrated buying interest specific to the new product, as XRP climbed 3.3% while Ethereum and Solana declined. Canary Capital is framing the product around XRP Ledger's technical architecture for global payments and settlement. The launch is significant because it is the first XRP public spot investment product registered under the Securities Act of 1933, following the SEC's settlement with Ripple Labs after five years of litigation. Experts view the launch as a major regulatory shift, with predictions that the fund could easily become a billion-dollar product within months, testing institutional demand for XRP.

(Source：CryptoSlate)