"The launch of the first U.S. spot XRP exchange-traded fund was supposed to be a defining moment for Ripple's native cryptocurrency. Canary Capital's ETF debuted on November 13, 2025 and pulled in nearly $250 million in inflows on its first day, beating every other 2025 ETF launch. The new product also posted a record $58 million in day-one trading volume."
"The Canary XRP ETF, trading under the XRPC ticker, is the first U.S. spot ETF backed by XRP. It uses an in-kind creation and redemption mechanism, which lets authorized participants deposit XRP with the fund rather than cash. That reduces tracking error and attracts institutional players. On its November 13, 2025 launch day, investors poured nearly $250 million into the fund. ETF Institute president Nate Geraci pointed out that the launch generated the highest day-one trading volume among more than 900 ETFs introduced in 2025."
Canary Capital's XRPC spot XRP ETF debuted November 13, 2025 and recorded nearly $250 million of inflows and a $58 million first-day trading volume. The ETF uses an in-kind creation and redemption mechanism that allows authorized participants to deposit XRP rather than cash, lowering tracking error and attracting institutional holders. Despite the strong launch metrics, XRP's market price fell roughly 8–9%, sliding from about $2.31 toward $2.20 within a day. The launch reflects renewed institutional demand after the SEC lawsuit resolution and expanded regulated access compared with prior trust and offshore vehicles. Canary's CEO projected up to $5 billion of ETF inflows within the first month.
Read at 24/7 Wall St.
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