Of the ETFs launched in 2025, it is the one with the highest trading volume on its first day.
If it continues to generate investor interest, it could be beneficial for the price of XRP.
The exchange-traded fund (ETF) based on XRP, issued by the manager Canary, debuted yesterday on the US stock market on the right foot.
This investment vehicle recorded $58.5 million in trading volume during its first day. With this figure, the instrument became the ETF launched in 2025 with the most activity on its initial day.
The XRP ETF narrowly outperformed the BSOL ETF, backed by solana (SOL) and managed by Bitwise, which reached $57 million in its debut on October 28.
Both products were placed “in a league of their own,” pointed out analyst Eric Balchunas, since the third most active ETF of the year was more than 20 million behind.
In the case of BSOL, the volume recorded also exceeded initial expectations. Balchunas himself had projected 52 million dollars for his first day, a figure that was widely exceeded by the 56 million recorded by the firm, CriptoNoticias reported.
If the XRP ETF continues to generate interest among investors, it could be beneficial for the price of the digital asset. However, despite the good start of the investment product, the price of the Ripple cryptocurrency reacted downward. It fell by 8%, going from $2.5 to $2.28. Although this, in part, responds to the fall of bitcoin (BTC), which during the day of November 14 strongly lost the USD 100,000 mark,