Canary’s spot XRP ETF generates $58 million in day-one trading volume surpassing Bitwise’s SOL ETF launch total

Canary Capital's spot XRP ETF, trading under the ticker XRPC, experienced a massive debut on Thursday, generating $58 million in trading volume. This figure represents the largest ETF launch volume this year among nearly 900 new ETFs, according to Bloomberg analyst Eric Balchunas. The debut surpassed the previous record held by Bitwise's Solana ETF (BSOL), which achieved about $57 million on its first day. Balchunas noted that both the XRPC and BSOL launches were significantly ahead of the third-place ETF by over $20 million. This launch follows REX Shares' XRP ETF (XRPR) debut in September, which generated $37.7 million on its first day. Bitwise CIO Matt Hogan commented that ETF success depends on passionate support rather than broad, lukewarm interest. The XRP price held relatively steady amid broader market volatility at the time of publication.

(Source：The Block)