The newly launched Canary Capital XRP ETF or XRPC made a strong debut, pulling in $58.5 million in trading volume on its first day. Net inflows totalled $245 million, marking the biggest first-day ETF launch in 2025.
Within the first 30 minutes, the ETF recorded $26 million in volume, surpassing expectations shared by Bloomberg analyst Eric Balchunas. By day’s close, $XRPC had slightly outperformed the Bitwise Solana ETF (BSOL), which logged $57 million in volume, dethroning it as the year’s top first-day ETF volume.
$XRPC has settled near $59M in day one volume, the biggest ETF debut of 2025.
If Wall Street is already trading XRP exposure at this pace, is the real XRP move just getting started? pic.twitter.com/S82DwrUcpI
— Kyledoops (@kyledoops) November 14, 2025
For context, BlackRock’s Ethereum ETF brought in $266.5 million in net inflows on day one, while all Ethereum ETFs combined saw only $106 million due to outflows from Grayscale products.
This launch comes at a time when the crypto market is falling, with Bitcoin slipping under key support levels and traders searching for reasons behind today’s pullback. Despite the broader weakness, XRPC’s strong performance highlights the growing demand for regulated XRP investment vehicles, especially as investors look for safer alternatives during high-volatility sessions.
Why XRPC Is Seeing Strong Demand
Investors are increasingly turning to compliant, spot XRP ETFs as a way to gain exposure without directly holding the token. The launch of XRPC comes amid rising interest in on-chain settlement assets, institutional diversification, and renewed confidence following regulatory clarity around XRP in 2024–25.
More spot XRP ETFs are expected to list soon in U.S. markets, further strengthening institutional participation in XRP-related products.
Related read: XRP Price Prediction
What Is XRPC?
XRPC is the ticker for Canary Capital’s spot XRP exchange-traded fund, allowing investors to gain regulated exposure to XRP through traditional brokerage accounts.
- It holds physical XRP in custody
- Trades like a stock on major exchanges
- Tracks the market price of XRP
- Designed for institutions + retail investors wanting regulated exposure
Where Can I Buy XRPC?
You cannot buy the XRPC token because it is not a crypto asset, it’s an ETF.
You can buy XRPC through:
- NASDAQ or other U.S. regulated exchanges
- Any brokerage offering ETF trading (Fidelity, Schwab, Robinhood, etc.)
If users want the actual Ripple-affiliated token, here is the cheapest way to buy XRP in India
Is XRPC Listed on Nasdaq?
Yes, XRPC trades on major U.S. stock exchanges with significant NASDAQ-level volume, which contributed to its massive $58.5M opening day.
What Is XRPC Canary or Canary XRP ETF?
The ETF is issued by Canary Capital, hence the term “Canary XRPC” or “XRPC Canary ETF.”
It is not related to the Canary Network or Polkadot ecosystems.
Market Context: Why Is the Crypto Market Down Today?
Even as XRPC posted record-breaking volume, the wider market is experiencing turbulence. Google searches for “why the crypto market is down today” and “why is crypto crashing” have surged over 300% in 24 hours.
Key reasons include:
- Bitcoin slipping below $97K
- ETF outflows in BTC and ETH products
- Risk-off macro sentiment
- High leverage liquidations
- Weak altcoin breadth
In short, XRPC’s strong debut despite the downturn suggests rotational interest into regulated products, especially during periods of volatility.
