Netting $245 million during the first day, the first XRP Spot price-tracking ETF defies the ultra bearish market sentiment.
Ripple’s CEO Brad Garlinghouse has cheered Canary Capital’s move to launch the XRPC exchange-traded fund (ETF), uttering “It’s (finally!) happening” in response to Bloomberg’s top ETF analyst’s note about the XRPC’s highly-successful debut half an hour.
First XRP ETF Episode Starts With A $26M Bang
In just 30 minutes since the trading went live on NASDAQ, Canary’s inaugural Ripple-based crypto ETF inked $26 million inflows, significantly larger than the roughly $17 million income prediction by Bloomberg’s Eric Balchunas.
Comparatively to Solana’s $57 million inflows during the full debut day, Ripple coin’s Spot market-price tracking ETF is likely to edge that figure by the end of the day. A few days back, Canary’s CEO Steve McClurg stated he’d expect the XRP-based ETF to double what Solana (SOL) did in the first week due to substantially bigger institutional appeal.
Most Successful Crypto ETF Launch Of The Year?
And so, with the first trading day now closed, it’s crystal clear that Ripple’s (XRP) first ETF has massively exceeded all expectations. The OG altcoin’s market price-tracking ETF posted the best results out of over 900 similar category ETFs dropping so far in 2025.
Scoring $245 million inflows, that’s nearly 5 times more than Solana’s debut day statistics. The Canary Capital XRPC debut on traditional stock markets has brought in fresh Wall Street Wolf interest, while Franklin Templeton’s XRP ETF is next in line.
The $1.5 trillion digital asset giant is the largest player in Ripple coin’s ETF race, so the United States Securities and Exchange Commission (SEC) is expected to provide an answer between November 14 – 18, 2025.
Next up are the Bitwise, 21Shares & CoinShares applications, as these digital asset managers all fall into the same category with at least $5 billion in assets under management (AUM). Per crypto analyst Paul Barron’s research, Bitwise’s 0.34% management fee is the cheapest for what’s currently on offer.
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