First spot XRP ETF achieves record $58m day-one volume, leading 2025 ETF launches
Key Takeaways
- XRPC, a spot ETF providing exposure to XRP, launched on Nasdaq and recorded $58 million day-one trading volume.
- XRPC is the first US-listed spot fund dedicated to XRP, marking a significant expansion beyond Bitcoin and Ether ETFs.
XRPC, Canary Capital’s recently launched spot ETF providing direct exposure to XRP on Nasdaq, achieved a record $58 million in day-one trading volume, leading 2025 ETF launches alongside strong performance from BSOL, Bitwise’s spot ETF offering exposure to Solana, according to Bloomberg ETF analyst Eric Balchunas.
The XRPC ETF marks the first US-listed spot fund dedicated to XRP, a crypto focused on cross-border payments. The fund’s debut follows similar introductions to Solana-based products like BSOL.
The launches expand cryptocurrency ETF offerings beyond Bitcoin and Ether, building on momentum from prior cryptocurrency fund approvals in the digital asset investment landscape.
Despite XRPC’s strong debut, XRP fell about 4% in the past 24 hours to $2.3, dragged down by Thursday’s market-wide pullback after Bitcoin slipped below $99,000 for the first time since May.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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