Canary Capital’s XRPC, the first U.S. spot exchange-traded fund (ETF) tied to the payments-focused
Total volume narrowly edged out Bitwise’s Solana ETF (BSOL), which recorded $57 million on its first day, putting the two funds in a league of their own as clear favorites for 2025. Notably, the third-place ETF pioneer lagged by more than $20 million, underscoring the strong demand and investor interest focused on these two digital assets.
The strong start of the XRPC ETF indicates growing institutional interest in diversifying their investments in digital assets beyond bitcoin and ether. Despite an immediate price reaction for XRP itself, the ETF’s high trading volume indicates growing demand for regulated mainstream investment vehicles offering direct exposure to altcoins.
It remains to be seen whether the XRPC ETF’s early volume trends will continue, highlighting investor interest in the real-world payments utility and scalability of the XRP Ledger.
