$245M Floods Canary XRP ETF—So Why Is XRP Price Still Stagnant?
Wall Street's latest crypto experiment—a Canary Islands-based XRP ETF—raked in a jaw-dropping $245 million on day one. Yet XRP's chart looks flatter than a banker's sense of humor.
The ETF Paradox
Institutional money poured in, but retail traders shrugged. The 'smart money' playbook—where ETF flows trigger price surges—got tossed like a 2008 prospectus.
Liquidity vs. Leverage
Market makers absorbed the demand without breaking sweat. Turns out when you're the token that survived the SEC's wrath, $245M is just another Tuesday.
The Cynic's Take
Maybe the whales are waiting for the SEC chair to retire—or just stacking paper while retail chases the next shiny DeFi narrative. Classic 'buy the rumor, ignore the news.'
The Canary Capital XRP ETF (XRPC) performed incredibly on its first day, but investors have expressed concerns over xrp price stagnation. Within the first 30 minutes of trading, the Canary Capital XRP ETF pulled in $26 million in volume, outperforming the expectations earlier shared by Bloomberg ETF analyst Eric Balchunas.
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