- XRP ETF surges with $58M debut, breaking cryptocurrency ETF records.
- Canary Capital CEO predicts XRP ETFs will outshine Ethereum’s performance.
- XRPC’s success sets stage for more crypto ETFs in 2025.
Canary Capital’s XRP ETF (XRPC) has shattered records with its extraordinary $58 million trading volume on its debut day, making it the most successful ETF launch of 2025 so far. According to Eric Balchunas, XRPC’s first-day performance surpasses all other ETFs launched this year, including the Bitwise Solana ETF (BSOL), which had previously held the record with $57 million in volume.
In an eye-catching demonstration of market interest, XRPC accumulated $26 million of its total volume within just the first hour of trading. This rapid uptake indicates that investors are increasingly seeking regulated access to digital assets like XRP, which has garnered considerable attention amid the growing popularity of cryptocurrency ETFs.
Balchunas noted that XRPC and BSOL have set a new bar for ETF launches, with no other debut this year coming close to their remarkable success.
XRP’s price also showed resilience, trading at around $2.30 even amidst a broader crypto market downturn. This performance further boosts confidence in XRP’s long-term potential, as investors look for stable, regulated crypto products to incorporate into their portfolios.
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A New Era for Crypto ETFs
XRPC’s record-breaking debut marks the beginning of a new era for cryptocurrency-based ETFs. With its strong launch, XRPC is setting the stage for more crypto-focused ETFs to emerge, providing investors with even greater opportunities to tap into the growing digital asset market.
The successful debut signals a shift towards mainstream adoption of crypto exposure through ETFs, offering a safer, more accessible way to invest in digital currencies without the challenges of direct cryptocurrency ownership.
This early success could lead to an influx of similar products, transforming the way investors engage with the cryptocurrency space. The XRPC launch showcases that the demand for crypto ETFs is real and growing, positioning the product as a game-changer in the evolving financial landscape.
XRP ETFs Poised to Outperform Ethereum ETFs, Says CEO
Canary Capital CEO Steven McClurg has made a bold prediction about the future of XRP ETFs. He believes they are positioned to outperform Ethereum ETFs once they launch. McClurg pointed out in an interview with Wall Street investor Paul Barron that XRP is the second most recognized cryptocurrency on Wall Street, right behind Bitcoin.
In comparison, Ethereum ranks third, despite its higher market capitalization.
McClurg also estimated that XRP ETFs could see inflows of up to $5 billion in their first month of trading, a figure that could potentially push XRP ahead of Ethereum in the ETF space. While Ethereum ETFs have struggled to gain traction, McClurg believes XRP’s strong recognition and investor confidence will propel its ETFs to success.
He also cautioned that broader economic factors, such as Federal Reserve policy, would play a key role in determining the long-term success of these products.
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