NewsBTC
Nov 14, 2025
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First Spot XRP ETF Surpasses Expectations with $46M Volume by Midday

Canary's spot XRP ETF has surpassed expert predictions, showing strong institutional demand on its debut day.

Key Developments

  • The first single-token XRP spot ETF began trading on Nasdaq, beating initial performance expectations.
  • Canary Capital completed its 8-A filing with the SEC and received approval just before launching.
  • The launch coincided with the end of a US Government shutdown, which had delayed other crypto ETFs.
  • Recent launches included Canary's Litecoin and Hedera ETFs and Bitwise's Solana Staking ETF.

Performance Insights

  • Experts predicted Canary's XRP ETF could reach $15-$35 million in volume initially; it hit $26 million within the first half-hour.
  • Analyst Eric Balchunas noted potential for the ETF to surpass Bitwise's SOL Staking ETF, which closed at $57 million in its first day.
  • By mid-day, Canary's XRP ETF recorded around $46 million in volume, indicating strong market interest.

XRP, XRPUSDT

Currently, XRP trades at $2.30, experiencing a 3.3% daily decline.