XRP Makes History: First US Spot ETF Surges to $58M on Day One

The cryptocurrency world etched a new chapter on November 13, 2025, as Canary Capital’s Canary XRP ETF (NASDAQ: XRPC)—the first U.S.-listed spot fund offering direct exposure to Ripple’s XRP—exploded onto the scene with a staggering $58 million in day-one trading volume. This blockbuster debut, confirmed by Bloomberg ETF analyst Eric Balchunas, eclipses all 900+ ETF launches this year, narrowly edging out Bitwise’s Solana ETF (BSOL) at $57 million and leaving the third-place finisher over $20 million behind.

Nasdaq’s certification on November 12 paved the way for XRPC’s Thursday open, where it clocked $26 million in the first 30 minutes alone, including $500,000 on Robinhood within five. The fund closed at $24.55, down 7.8% amid broader market jitters—Bitcoin dipped below $99,000, dragging XRP 8% to $2.28 despite a pre-launch 3% pop to $2.48. X buzzed with excitement: “XRP isn’t dying. It’s loading,” one trader proclaimed, while Ripple CEO Brad Garlinghouse simply tweeted, “It’s (finally!) happening.”

This milestone caps years of regulatory hurdles post-Ripple’s SEC saga, now resolved with July 2025’s crypto ETP guidance. XRPC’s success—fueled by XRP’s cross-border prowess on the XRP Ledger—signals altcoin maturation beyond Bitcoin ($4.1B debut) and Ethereum ($1.1B). “XRP powers a global payment network; this ETF unlocks the next adoption wave,” Canary CEO Steven McClurg stated, eyeing institutional inflows amid XRPL’s scalability edge.

Key implications? Wallet-free access for institutions and retail, boosted liquidity, and validation for XRP’s finance utility—potentially rivaling Ethereum’s ETF demand. With six more XRP spot ETFs (from Bitwise, Franklin Templeton, 21Shares) in DTCC’s pipeline, analysts forecast $2.94B daily potential across 12 funds, per experts. Yet, a “sell-the-news” dip lingers, with whales offloading 10M tokens pre-launch.

As Trump’s pro-crypto tilt reshapes policy, XRPC’s roar—despite XRP’s flatline—hints at billions in inflows ahead. For investors, it’s a regulated on-ramp to altcoin alpha; for Ripple, a $141B market cap’s vindication. Watch 30-day flows: Momentum could catapult XRP to ATHs, or fizzle if macro woes persist.