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The first-ever spot XRP ETF just had a huge first week on Nasdaq. In only four days, it pulled in a massive $128 million in trading volume. Canary Capital’s XRPC ETF showed that interest in a regulated way to invest in XRP is stronger than expected.
But the fast start came with a twist. Even though the ETF hit $58.5 million on Day 1, XRP’s price still dropped about 7 percent during the trading session.
Data shared by an expert show the ETF performed each day. Day 1 ended at $58.5 million, slightly higher than Bitwise’s Solana ETF, which opened earlier this year with $57 million. Day 2 came in at $26 million, Day 3 at $19 million, and Day 4 added around $24 million. (All numbers are rounded)
This brings the four-day total to approximately $128 million, making it one of the strongest ETF launches of 2025. Bloomberg analyst Eric Balchunas even noted that the ETF saw $26 million in its first 30 minutes of trading, calling it one of the quickest starts for a crypto ETF in a long time.
Out of more than 900 ETFs launched in 2025, only Solana’s ETF has shown similar early strength. Together, the Solana and XRP launches are setting new expectations for crypto ETFs this year.
The excitement around Canary’s ETF is growing because many more XRP ETFs are coming next. In the next two weeks, 11 more XRP ETFs will launch on Nasdaq, the NYSE, and CBOE.
Bitwise, 21Shares and CoinShares will begin between November 20 and 22. Grayscale and WisdomTree are planning launches for November 25. Each new ETF means more XRP buying, because fund issuers need XRP to seed and support each product.
If each ETF does even $20-30 million in first-day trading volume, total inflows could reach hundreds of millions by the end of December. This could create steady demand for XRP instead of just one big spike.
The crypto market has seen this story before. When Bitcoin spot ETFs launched, BTC dipped first, then recovered as inflows continued month after month. Ethereum behaved the same way. XRP’s chart is showing similar early weakness, but the timeline here is much tighter.
Instead of 11 ETFs launching on one day like Bitcoin, XRP is experiencing a staggered rollout, which could trigger repeated “sell the news” drops or build steady momentum as each new fund validates demand for the previous one.
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