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3h ago

First U.S. Spot XRP ETF Starts Trading With Heavy Volume as XRP Slips

Conflicting early tallies on activity surfaced while broader crypto ETFs posted heavy outflows.

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Overview

  • Canary Capital’s XRPC began trading on Nov. 13 on Nasdaq, becoming the first U.S. spot ETF offering direct exposure to XRP.
  • Yahoo Finance, citing Bloomberg data, reported roughly $58 million in first‑day trading volume, the top ETF launch tally of 2025 so far.
  • Other coverage cited nearly $250 million in day‑one inflows, underscoring a discrepancy between trading‑volume and net‑flow measurements.
  • XRP failed to extend gains around the debut, slipping on the day, with one report noting a sharp intraday drop and elevated on‑chain transfers.
  • The launch coincided with sizable outflows from U.S. Bitcoin and Ethereum ETFs, and additional XRP ETFs from major issuers are positioned to follow.