Now that the US government has reopened, the XRP ETF narrative has been gaining traction. Excitement has been particularly building around Canary Capital’s XRPC ETF, which made its debut on November 13.
Initial reports revealed that the new Canary Capital XRP ETF was off to an impressive start. The XRPC ETF reportedly achieved over $57 million worth of trading volumes on its first trading day.
The sizable trading volume meant that the XRPC had the largest debut of all the spot crypto ETFs launched this year.
Source: X courtesy of Eric Balchunas
The XRP ETF managed to dethrone the Bitwise Solana ETF previously held the record for the ETF with the highest daily volume on its first day. This performance meant that the XRPC ETF had a positive reception in the market.
However, this may just be the beginning for XRP’s institutional demand. More XRP ETFs are slated for launch.
XRP ETF Applications to Benefit from the SEC’s Accelerated Decisions for Crypto ETFs
The XRPC ET
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