The financial markets are quick to react to anything new, especially when it touches blockchain and crypto. Canary Capital’s new XRP ETF launched on Nasdaq on November 13 with a bang, posting record trading volumes and substantial inflows on its first day. Investors poured roughly $245 million into the fund at launch, making it the biggest ETF debut of 2025 and narrowly eclipsing last month’s blockbuster Solana ETF launch.
This wave of demand briefly pushed XRP’s price from around $2.34 up to nearly $2.50, reflecting a burst of optimism. Yet the rally soon met turbulence as traders took profits, raising the question of whether this milestone ETF will fuel a lasting XRP uptrend or prove to be another fleeting hype cycle.
$58M Day-One Volume: Biggest U.S. ETF Launch 2025
The sheer scale of day-one interest in the XRPC ETF speaks to how much pent-up appetite exists for regulated XRP exposure. By the end of its first trading session, XRPC logged around $58 million in volume, edging out Bitwise’s Solana fund (BSOL) as the largest opening-day volume of any ETF this year.
“Doing it on a down day like today is pretty impressive,” noted Bloomberg analyst James Seyffart after XRPC topped the charts despite a broader stock selloff on Thursday. Fellow Bloomberg ETF expert Eric Balchunas added that XRPC and BSOL “are in a league of their own,” with no other 2025 ETF launch even close, highlighting robust investor appetite for mainstream altcoin products.
In practical terms, this means institutions and traders poured money in fast — $26 million in the first 30 minutes alone, according to Balchunas — seeking an easy, secure way to gain XRP exposure via their brokerage accounts. Such strong demand translated into those $245 million of creations (new shares of the ETF) on day one. For context, that inflow is nearly four times the inflows that the Solana ETF attracted at its debut. All this signals what many investors, from crypto enthusiasts to hedge funds, have been waiting for this. An accessible vehicle for investors to invest in XRP, one of the world’s largest digital assets, without the complexities of holding the token directly.
XRP Hits $2.50, Drops 7%: Sell-the-News in Action
Despite the enthusiastic launch, XRP’s spot price didn’t skyrocket unabated. Instead, it showed a familiar “sell-the-news” pattern. In the 24 hours surrounding the ETF’s debut, XRP jumped from the mid-$2.30s to about $2.50, then swiftly retreated about 2.7% back to $2.25 (TradingView), at the time of writing. In other words, much of the ETF optimism appeared to have been priced in by traders beforehand, and some holders used the news as an opportunity to take profits.
Indeed, on-chain data showed a number of large XRP holders (“whales”) unloading millions of tokens in the run-up to the launch, even as thousands of new wallets were being created. A mix of short-term friction against a broadly bullish backdrop. The muted price reaction is not entirely surprising. Past crypto ETF rollouts, from Bitcoin to Ethereum to Solana, also saw initial inflows met with near-term pullbacks, rather than immediate moonshots.
Analysts point out that excitement over a new investment vehicle can drive speculative run-ups before launch, only for the market to normalize once the product begins trading.
The takeaway: while the XRP ETF’s debut was a clear sign of confidence, it hasn’t (yet) sent the token into an unchecked rally. XRP continues to trade in the mid-$2 range, fluctuating as the broader crypto market and profit-taking dynamics play out in tandem with the new fund’s activity.
First U.S. Spot XRP ETF Unlocks Wall Street
What makes this XRP ETF launch especially notable is how it fits into a broader trend of institutional access to crypto, and how it stands out among other altcoin funds. Canary’s XRPC is the first pure spot XRP exchange-traded fund in the U.S., effectively expanding the crypto ETF universe beyond just Bitcoin and Ether. Its strong start “indicates growing institutional interest in diversifying… beyond bitcoin and ether” into other digital assets.
Unlike niche crypto trusts of the past, this is a fully regulated, exchange-listed vehicle holding actual XRP, a milestone that was made possible by a shifting regulatory climate. Under a more crypto-friendly SEC Chairman (Paul Atkins, appointed in the new U.S. administration), the agency allowed products like XRPC to go into effect via streamlined procedures.
Crypto analysts note that Nasdaq formally certified the fund’s listing the evening before launch, clearing the final hurdle with unusual speed. The result is that Wall Street can now trade XRP almost as easily as a stock. Investors have clearly welcomed this development, as evidenced by XRPC’s record volume. It’s also spurring competition: at least a half-dozen other XRP ETFs from major issuers (Franklin Templeton, 21Shares, Bitwise, and others) are reportedly lined up for launch in the coming weeks.
Not every altcoin ETF has garnered attention — for example, Canary’s own Hedera (HBAR) and Litecoin funds launched quietly in October with minimal inflows — but XRP’s stature as the third-largest crypto by market cap (and its passionate investor base) made it a prime candidate to buck that trend. The broader implication is that institutional investors are increasingly investing in a wider array of digital assets through familiar channels. That opens the door to new capital entering the XRP market, potentially on an ongoing basis if these funds continue to attract allocations.
Ripple $40B Raise + 300 Banks Power XRP ETF
Ripple Labs’ recent momentum is driving renewed optimism. November’s standout moment was Ripple raising $500 million at a $40 billion valuation from heavyweights Citadel Securities and Fortress, firms that don’t make symbolic bets. Their backing signals conviction in Ripple’s payments infrastructure and XRP’s strategic role. Ripple’s banking network has now passed 300 financial institutions worldwide, and the company continues expanding through acquisitions, from a crypto brokerage to a custody business. It is also building a dollar-linked stablecoin on the XRP Ledger to push deeper into mainstream finance.
A major overhang disappeared in August, when U.S. courts ruled XRP not an unregistered security, sending the token to five-year highs above $3.50 and driving trading volumes into the billions. Together, these developments showcase a maturing ecosystem. Ripple’s leadership is positioning XRP as a utility token for global payments, and the market is responding.
$8B Inflows Possible: XRP to $5 by 2026?
Whether the new XRPC ETF becomes a true catalyst or just another hype cycle remains an open question. Its strong debut shows real demand: institutions finally have a regulated channel to allocate to XRP. JPMorgan analysts estimate a spot XRP product could attract up to $8 billion, and some forecasters see a path toward $5 by late 2025 if ETF-driven inflows and liquidity hold. Yet the muted post-launch price action suggests the ETF alone won’t transform XRP’s fundamentals.
XRP had already tripled in price earlier in the year after its legal victory and high-profile backing. However, most analysts stress that lasting gains require genuine adoption of XRP in financial systems, not just investor enthusiasm. The ETF improves access, but it doesn’t instantly shift real-world demand.
XRP ETF Milestone: Rally Needs Real Adoption
Canary Capital’s XRPC launch is a meaningful milestone that boosts liquidity and institutional access. It’s a clear win for XRP’s supporters. But a sustained breakout will hinge on whether capital keeps flowing and whether Ripple’s tech gains broader payment-industry traction. For now, XRP holders have a clear win to celebrate.
The next few weeks will show whether Wall Street’s embrace becomes a long-term catalyst or just another bright moment before momentum shifts elsewhere.
Author: Ayanfe Fakunle
The editorial team at #DisruptionBanking has taken all precautions to ensure that no persons or organizations have been adversely affected or offered any sort of financial advice in this article. This article is most definitely not financial advice.
#XRP #XRPC #Ripple #ETF #Altcoin #DigitalAssets
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