TLDR
Day-one trading volume for the Canary XRP ETF (XRPC) was about $58 million on its debut. This figure is reported by multiple outlets, including a market report.
- It was the largest 2025 ETF debut, narrowly edging Bitwises SOL ETF at $57 million per a coverage summary.
- Some tallies cite $58.6 million, reflecting provider differences, per Yahoo Finance.
- Reported net inflows were roughly $245 million alongside the debut, per a news brief.
Deep Dive
1. Day-One Figure
The first session for XRPC recorded about $58 million in trading volume, widely cited across major crypto media that tracked the debut days tape and totals, including a market report.
Within the first 30 minutes, trading reached roughly $26 million, a pace highlighted in contemporaneous coverage of the opening prints and liquidity ramps, per a launch-day recap.
Clarification: here XRPC refers to the Canary spot XRP ETF listed on Nasdaq, not the similarly named on?chain token. The listing context appears in an exchange notice summary.
Opening day liquidity was strong for a new crypto ETF and concentrated early, signaling immediate institutional and market-maker participation.
2. Record vs Peers
XRPCs first day was the largest among 2025 ETF launches, edging Bitwises Solana ETF at $57 million, as summarized across launch comparisons in a coverage summary.
For context, this is far below Bitcoin and Ether spot ETF debut volumes in 2024, but within altcoin ETF norms, per cross-year comparisons in the recap above.
Relative leadership among 2025 debuts matters for attention and flows, even if absolute size trails BTC and ETH ETF histories.
3. Inflows and Mechanics
Several reports noted roughly $245 million in net inflows on or near the debut, alongside the recorded trading volume, per a news brief.
Differences between volume and net inflows can reflect in?kind creations that do not show up in exchange-traded volume but increase shares outstanding and fund assets, as discussed in follow-up coverage such as this exchange roundup.
Strong inflows plus high day-one prints suggest both secondary-market trading and primary share creation were active, a constructive sign for ongoing liquidity.
Conclusion
XRPCs roughly $58 million day-one volume put it at the top of 2025 ETF debuts and slightly ahead of Solanas recent launch, with additional signs of substantial primary inflows. Together, these point to robust initial demand for regulated XRP exposure, though sustaining momentum will depend on broader market conditions and continued creations.
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