🚀 XRP Makes History: First Spot ETF Debuts with $36M Volume, Threatens BSOL Dominance

The crypto market just got a major shakeup—XRP's first spot ETF has landed with explosive demand, pulling in $36 million in trading volume on day one.

This isn't just another ETF launch. It's a direct challenge to BSOL's dominance, proving institutional appetite for Ripple's embattled token is stronger than regulators want to admit.

Wall Street's usual suspects will dismiss this as 'speculative frenzy'—right before quietly adding XRP exposure to their own balance sheets. The hypocrisy writes itself.

Regulatory context frames launch significance

The fund’s approval carries weight beyond its trading metrics. The Securities and Exchange Commission maintained active litigation against Ripple Labs for five years before settling three months ago.

Following the decision, XRPC is the first XRP public spot investment product registered under the Securities Act of 1933.

NovaDius Wealth president Nate Geraci stated on Nov. 2 that the launch represents “the final nail in the coffin of previous anti-crypto regulators.”

On Nov. 11, he noted the SEC appealed a court ruling that XRP did not constitute a security just one year prior. Geraci stated:

“Hard to describe crypto regulatory shift over past year. Night & day.”

Additionally, he predicted on Oct. 29 that the fund would “easily become” a billion-dollar product within months, with “flows dramatically exceeding what people are expecting.”

Regarding inflows, experts predicted in September that XRP ETFs would capture $8 billion in their first year of trading.

The launch tests whether institutional demand for XRP exists, despite the SEC’s years of creating a scenario of legal uncertainty for Ripple, which only recently started to change.