A Blockbuster Debut: Canary Capital’s XRP ETF Roars to $46M
The wait is finally over—and Wall Street showed up early.
Canary Capital’s XRPC exchange-traded fund, the first to hold spot XRP, raked in more than $46 million within hours of its Thursday launch. The frenzy kicked off immediately, with the ETF generating $26 million in trading volume in its first 30 minutes, according to Bloomberg’s ETF experts.
Senior analysts Eric Balchunas and James Seyffart were visibly impressed. Seyffart noted:
“With 2.5 hours left in the trading day, XRPC is already over $46 million. This could easily finish near the top of 2025 launches — and maybe even beat Bitwise’s Solana ETF.”
This performance catapults XRPC into the spotlight as one of the most successful ETF debuts of the year.
Why the XRP ETF Launch Matters (Focus Keyword: XRP ETF)
The launch has been on analysts’ radar since 2024, especially after the reelection of Donald Trump, whose administration has taken a noticeably pro-crypto turn. That shift boosted the odds of an XRP-based investment product finally winning approval.
ETFs are often seen as major price catalysts. They channel traditional capital into crypto markets—without requiring investors to hold digital assets directly.
Yet despite the massive inflow, the price of XRP stumbled shortly after launch.
Also Read : Ripple Launches US Digital Asset Spot Prime Brokerage After Hidden Road Acquisition
XRP Price Slips in Classic Sell-the-News Style
The excitement didn’t translate into an immediate price pump.
XRP Drops 2.7% While XRPC Slides 8%
XRP fell from roughly $2.50 to $2.28—a 2.7% dip over 24 hours. The token is still hovering above its 365-day moving average (left unlinked, as no authoritative single source exists), a key support zone traders are watching closely.
The XRPC ETF mirrored the sentiment drop, falling nearly 8% from an intraday high near $27 to around $24.50, according to Yahoo Finance.
This kind of dip is textbook sell-the-news — a common market reaction after major events.
Analysts Still Expect XRP to Soar Despite the Dip
Even with the rocky price action, analysts remain bullish.
Early 2024 predictions suggested XRP could exceed $10 after an ETF approval.
JPMorgan analysts expect an XRP ETF to attract up to $8 billion in inflows.
Newer forecasts estimate XRP could rally to $5 by the end of 2025, fueled by the ETF launch and the U.S. government reopening after the shutdown.
In other words:
The fireworks may just be starting.
A Price Dip Now, A Potential Rally Tomorrow
The XRPC ETF has already proven itself a heavyweight, smashing early trading expectations. While XRP’s price dipped out of the gate, investor sentiment around the newly approved ETF remains overwhelmingly bullish.
If analysts are even half right, this launch could mark the beginning of one of XRP’s biggest chapters yet.
