- Canary XRP ETF reaches $58 million first-day trading volume.
- Provides new market exposure for XRP assets.
- Solana’s previous ETF record closely matched by XRP.
The Canary XRP ETF launched on Nasdaq on November 13, 2025, recording a record first-day trading volume of $58 million, nearly equaling Solana ETFs’ previous record.
The ETF’s launch is crucial as it elevates XRP’s market presence and momentum, leading to notable price surges and market shifts in related cryptocurrencies.
The Canary XRP ETF launched on Nasdaq, achieving a substantial $58 million in first-day trading volume. This matches a record previously set by Solana’s ETFs, showcasing strong market interest in XRP-related investment vehicles.
Canary Capital serves as the sponsor and issuer of the ETF. This U.S.-based hedge fund is recognized for its expertise in alternative assets, as seen with its previous ETF application filed under the Investment Company Act of 1940.
In the hours following the ETF’s debut, XRP price saw a significant increase, rising 3% intra-day and 7.8% week-over-week to $2.46. This performance surpassed major crypto assets, indicating potential strong investor interest.
The ETF launch led to market exposure for XRP without new funding rounds announced. The SEC did not provide public comments, but the ETF’s approval reflects their tacit regulatory support.
Market data showed no notable spillover effects on other Layer 1 or DeFi governance tokens. Solana (SOL) dipped by 5% to $145, impacting its support level and contrasting with continued positive inflows.
Comparatively, historical trends from Solana’s ETF launch suggest possible short-term price corrections post-debut. Investors and analysts will be watching for any similar patterns in XRP’s trajectory, given current trading volume indicators.
“As of now, there have been no direct quotes or statements from executives at Canary Capital, nor from notable crypto key opinion leaders (KOLs) regarding the Canary XRP ETF (XRPC) launch.”
