Canary Capital’s XRPC ETF Breaks Records on Launch Day
The cryptocurrency industry made significant strides on November 13, 2025, as Canary Capital debuted its spot XRP ETF, XRPC, on Nasdaq. The fund recorded an impressive $58 million in first-day trading volume, setting a new benchmark for ETF launches this year.
Record-Breaking Growth Despite a Bearish Market
While the broader crypto market experienced a 3.5% dip, the XRPC fund showed resilience, reflecting strong investor demand for regulated exposure to XRP. Trading kicked off aggressively, with $26 million in volume registered by 9:30 am EST, climbing to $36 million by mid-morning. Notably, platforms like Robinhood executed $500,000 in trades within the first five minutes alone.
The XRPC ETF surpassed the previous leader, the BSOL ETF, which launched a month earlier with $57 million in volume. Bloomberg analysts even highlighted that the third-most traded ETF launch this year lagged by over $20 million, underscoring XRPC’s exceptional performance.
What Makes the XRPC ETF Unique?
Unlike derivative-based funds, the XRPC ETF directly holds physical XRP. The fund tracks the CME CF XRP-USD Reference Rate (New York Variant) in real time and charges an annual management fee of 0.50%. Additionally, Canary Capital has partnered with Gemini Trust Company and BitGo Trust to ensure secure custody of digital assets. This compliance-focused ETF is particularly attractive for institutions looking to leverage XRP’s use in global payments infrastructure without dealing with direct asset custody.
A Growing Interest in Utility Cryptos
XRP’s utility as a payment token and its correlation to institutional trends have made it a standout in the cryptocurrency world. Canary Capital’s pivot toward launching ETFs tied to functional tokens like HBAR and XRP reflects a growing demand for assets with real-world application. Earlier in November, the company’s HBAR ETF raised an impressive $70 million during its first week, further solidifying this trend.
Despite XRP’s correlation with Bitcoin (at 40%), which impacts its volatility, the XRPC ETF’s strong debut signals that investors are willing to embrace well-structured opportunities in the crypto space – especially those linked to innovation in payments and settlements.
Where to Invest in XRP
For those looking to get involved in XRP investments, platforms like eToro offer an easy-to-use interface for both novice and seasoned investors. eToro not only allows users to buy XRP but also offers features like copying top traders and funding accounts through numerous payment methods. Note: As with any investment, trading cryptocurrencies carries significant risk, and potential investors should ensure they fully understand the associated risks.
Conclusion
The historic launch of Canary Capital’s XRPC ETF highlights a shift in the cryptocurrency investment landscape. As institutional interest in utility-focused crypto assets grows, products like XRPC will likely pave the way for increased mainstream adoption of regulated cryptocurrency investment vehicles. Stay tuned for more industry updates as the crypto market continues to evolve.
