Canary Capital’s XRPC, the first U.S. spot exchange-traded fund (ETF) tied to the payments-focused
The volume count narrowly edged out Bitwise’s Solana ETF (BSOL), which posted $57 million on its first day, putting the two funds in a league of their own as clear favorites for 2025. Notably, the third-place pioneering ETF fell behind by more than $20 million, underscoring the strong investor demand and focused interest in these two digital assets.
The strong start of the XRPC ETF indicates growing institutional interest in diversifying their investment in digital assets beyond bitcoin and ether. Despite a muted immediate price reaction for XRP itself, the ETF’s strong trading volume indicates growing demand for conventional, regulated investment vehicles that offer direct exposure to altcoins.
It remains to be seen whether the XRPC ETF’s initial volume trends will continue, underscoring investor interest in the XRP Ledger’s real-world payments utility and scalability.
