Which XRP ETFs led volume?

TLDR

Franklin Templetons XRPZ led recent XRP ETF trading volume, with around $2528 million on peak days this week, followed by Bitwises XRP at about $23 million (Franklin led day, Jan 5 trading values).

1. Franklin XRPZ topped daily volume on high?turnover sessions, including ~$25.12M on a record day.
2. Bitwise XRP ranked second, with ~$23.06M traded on 5 Jan (UTC).
3. Canary XRPC remains largest by assets and cumulative inflows, but recent daily volume leaders were Franklin and Bitwise (leader by assets).

Deep Dive

1. Franklin XRPZ

Franklin Templetons XRPZ has repeatedly led single?day turnover among spot XRP ETFs. Reports noted it led a record day with roughly $25.12M traded as XRP (XRP) tested key resistance (Franklin led day). On 5 Jan (UTC), validated on?venue trading values showed XRPZ at $27.98M, the highest among peers (Jan 5 trading values).

2. Bitwise XRP

Bitwises XRP product has been the close runner?up on recent high?volume days. On 5 Jan (UTC), Bitwise logged $23.06M in trading value, second to Franklin (Jan 5 trading values). Coverage also highlighted periods where Bitwise led net inflows during the week, reinforcing steady institutional activity across the issuer set (weekly snapshots).

3. Canary XRPC (assets vs. volume)

Canarys XRPC set the debut?day volume record in 2025 and remains the largest by assets and cumulative inflows among XRP ETFs, even after a recent outflow day (leader by assets). However, the latest daily volume leadership often sat with Franklin and Bitwise, reflecting how investor preference can shift day to day as flows and liquidity conditions change (weekly snapshots).

Conclusion

Recent trading sessions saw Franklins XRPZ and Bitwises XRP consistently lead daily volume, while Canarys XRPC remains largest by assets. For practical execution, focus on which issuer tops turnover on the specific day, since leadership rotates with flows and market conditions.