First US Spot XRP ETF Launches with Record Volume

First U.S. XRP ETF Hits $36M in Initial Trading

The launch of the first U.S. spot XRP ETF marks a significant milestone in crypto accessibility. Canary Capital’s XRPC, debuting with a notable trading volume, is positioned as a major highlight of 2025. Issued by Canary Capital, this ETF represents broader institutional access to XRP following the SEC’s settlement with Ripple Labs. This marks a new chapter for crypto ETFs on U.S. soil.

XRP Surges 2.5% Amid ETF Launch

Immediately following the launch, the XRP price increased by over 2.5%, contrasting Bitcoin’s and Ether’s declines. This suggests a reallocation of focus and capital mainly towards XRP in the short term. Nate Geraci, NovaDius Wealth’s president, stated that the launch underscores victory over prior anti-crypto regulation, marking a pivotal change in the regulatory environment for cryptocurrencies. Geraci said, “The launch represents ‘the final nail in the coffin of previous anti-crypto regulators.'”

ETF Seen Echoing Solana’s Mainstream Exposure Boost

This event echoes prior successful ETF launches, notably the Bitwise Solana ETF. Past occurrences showed increased mainstream exposure, resulting in short-term price volatility but eventual asset stabilization. According to Eric Balchunas, predictions suggested the ETF might exceed forecasted trading volumes, illustrating robust demand and potential for subsequent crypto ETF approvals. He noted, “[The fund would] blow away my $17 million estimate and potentially surpass BSOL’s $57 million opening-day record.”