XRP Spot ETF Launch: A Record-Breaking Start
The first-ever spot XRP ETF has taken the cryptocurrency world by storm with an explosive first week on Nasdaq, bringing in an impressive $128 million trading volume within just four days. Managed by Canary Capital, the XRPC ETF has highlighted a significant demand for a regulated way to invest in XRP, showcasing stronger-than-anticipated interest from investors.
Day-by-Day Performance Analysis
Despite a stellar launch, XRP’s price saw an unexpected 7% drop during its debut trading session. However, the ETF delivered in terms of trading volume:
- Day 1: $58.5 million, slightly overtaking Bitwise’s Solana ETF.
- Day 2: $26 million.
- Day 3: $19 million.
- Day 4: $24 million.
These figures resulted in the XRPC ETF becoming one of the strongest ETF launches of 2025. According to Bloomberg analyst Eric Balchunas, the product brought in $26 million during its first 30 minutes alone, further proving its momentum in the market.
The Ripple Effect of More XRP ETFs
The excitement surrounding Canary’s ETF is set to grow as an additional 11 XRP ETFs are slated for release within the next two weeks. Major players like Bitwise, 21Shares, CoinShares, Grayscale, and WisdomTree are preparing launches on platforms including Nasdaq, NYSE, and CBOE.
This staggered rollout has two implications: it could either lead to repeated temporary drops in XRP prices or establish long-term, sustained demand. Each new ETF launch creates the need for substantial XRP purchases by fund managers, potentially driving inflows into the XRP ecosystem.
A Familiar Story in Crypto ETFs
The trend in XRP mirrors what has been seen before — the launches of Bitcoin and Ethereum spot ETFs also brought initial price dips, followed by consistent price recoveries as monthly inflows increased. The staggered timeline for XRP ETFs, however, might lead to a more stable buildup compared to the one-day launches of its predecessors.
Why This Matters for Investors
These ETF launches are significant for crypto enthusiasts and investors looking to safely diversify their portfolios. As the demand for XRP steadily grows, it could shape future dynamics in the broader cryptocurrency and blockchain markets.
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