XRP ETF Explodes Onto Scene: $58M Debut Smashes 2025 ETF Records

Wall Street's latest crypto toy isn't playing nice. The freshly launched XRP ETF just racked up $58 million in trading volume on day one—torching every other ETF debut this year. Who needs boring old stocks when you can gamble with blockchain derivatives?

### The Numbers Don't Lie (Unlike Some White Papers)

That $58M opening salvo puts legacy financial products on notice. Traders are voting with their wallets, and they're picking the digital asset wrapper over your grandpa's S&P 500 fund.

### Why This Hurts Traditional Finance's Feelings

Banks spent years dismissing XRP as 'not a real asset.' Now their clients are pouring millions into its ETF while bond ETFs gather dust. The irony's thicker than a blockchain confirmation stack.

### The Punchline

Another win for crypto adoption, another existential crisis for finance bros. The XRP ETF's explosive start proves one thing: when given the choice between innovation and stagnation, money flows toward the future—even if that future involves Ripple's lawyers.

In Brief

• XRPC opened with $58.5 million in first-day trading volume, marking the strongest ETF debut of the year.
• The fund recorded net inflows of $245 million on its first day, showing high investor demand.
• Canary Funds CEO Steven McClurg explained the difference between trading volume and net inflows, noting some investors transferred XRP directly from personal wallet into the ETF.

XRPC Records Strongest ETF Debut of the Year

After Canary Capital filed its FORM 8-A with the SEC earlier this week, XRPC began trading yesterday and immediately attracted significant attention. The fund closed its debut session with more than $58.5 million in trading volume and net inflows of $245 million.

Bloomberg Senior ETF Analyst Eric Balchunas commented on X that XRPC posted the highest opening-day volume among the 900 ETFs introduced this year. He noted that it edged out the Bitwise solana Staking ETF (BSOL), which had $57 million in trading volume during its debut late last month. According to Balchunas, both funds stand apart from the rest of this year’s launches, with the next closest newcomer falling more than $20 million behind.

The strong response was evident almost immediately. Within the first half hour, the fund reached $26 million in volume, surpassing the roughly $17 million Balchunas had expected going into the session.

Strong Debut Amid Market Weakness

Some market watchers questioned how the ETF could generate only about $59 million in trading activity while reporting nearly $250 million in inflows. Canary Funds CEO Steven McClurg told Crypto Prime that the gap stems from in-kind creations, which are not reflected in daily trading volume. He explained that many investors transferred XRP directly from personal wallets into the ETF, and because these moves occur off-market, they do not contribute to the recorded volume.

This strong initial response also reflects growing interest in crypto investment products beyond Bitcoin and Ether. Looking more closely at XRP, Min Jung, a senior analyst at quantitative trading firm Presto, notes that the token benefits from a dedicated retail following and broad recognition among everyday investors. This combination drives heightened participation whenever new XRP products launch, contributing to the rapid inflows observed on the fund’s first day.

Despite the strong turnout, the Canary XRP ETF ended its first session at $24.55, down 7.80% for the day. The decline was similar for the XRP token itself, which dropped more than 6% over the past 24 hours. This occurred amid Thursday’s wider cryptocurrency market decline, following Bitcoin’s fall to $97,000, down over 5%. Overall, the global cryptocurrency market cap decreased by more than 6% during the same period.

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