TLDR
Canary Capital launched the first US spot XRP ETF, trading on Nasdaq under ticker XRPC. See the launch notice and details in this market report.
- XRPC recorded about $58 million in day-one volume, a 2025-leading debut among new ETFs per a market recap.
- Amplify separately launched XRPM, an XRP options-income ETF that doesnt hold XRP directly, per an issuer update.
- Other issuers signaled interest, but Canary was first to market per a coverage summary.
Deep Dive
1. First Spot XRP ETF
Canary Capitals XRPC is the first US spot XRP (XRP) ETF listed on Nasdaq. The fund provides regulated exposure to XRP through an exchange-traded vehicle, marking a milestone for XRP access via traditional brokerages, confirmed in a market report.
If you want XRP exposure in a brokerage or retirement account, XRPC offers a spot vehicle without direct token custody.
2. Volume and Early Demand
XRPCs debut day trading volume was about $58 million, topping nearly 900 ETF launches in 2025 and outpacing other altcoin ETF debuts, per a performance recap. Analysts characterized the start as strong for an altcoin-focused fund, according to a separate market note.
Early depth suggests investor appetite for regulated XRP exposure, though sustaining flows depends on broader market conditions and issuer competition.
3. Amplifys XRPM Is Different
Amplifys XRPM aims for monthly options premium tied to XRP exposure via covered calls, and it may use futures or spot XRP ETFs rather than holding XRP directly, per the issuer update. Coverage also contrasted XRPMs strategy with XRPCs spot approach in a roundup.
XRPM targets income with managed option exposure. If your goal is straightforward spot exposure, XRPC is the direct route; XRPM is for income-focused strategies with different risk/return dynamics.
Conclusion
Answer: Canary Capital is the issuer that launched the first US spot XRP ETF (XRPC), as confirmed in the market report above. Early volumes were strong, and alternative XRP-linked products like Amplifys XRPM broaden access with different strategies, per the issuer update above.
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