Canary Capital’s XRP ETF Records $58M in Day-One Trading Volume

Canary Capital's XRP Exchange Traded Fund (ETF), XRPC, launched with significant success, recording $58 million in trading volume on its first day. This marks the largest ETF launch of 2025, surpassing over 900 other ETFs, including the recent Solana ETF.

XRP ETF Highlights

• XRPC provides investors exposure to XRP without direct crypto wallet holdings.
• The fund achieved the highest day-one trading volume among new ETFs this year.
• Market anticipation grows for further XRP ETFs following their listing on the Depository Trust and Clearing Corporation (DTCC).

Future Prospects and Expansion

• Canary Capital is also developing an HBAR ETF, with a proposed management fee of 1.95%.
• This fee positions it as one of the more expensive crypto-based ETFs expected to enter the market.

The broader crypto industry is keenly watching for additional XRP ETFs, indicating potential growth in this sector.