XRP ETF launches with strong trading volume, but prices fall flat

The XRP ETF launch is on track to be one of the hottest crypto ETF launches in 2025, but asset prices also dipped on launch day.

The Canary Capital XRP (XRPC) exchange-traded fund — which holds spot XRP — pulled in more than $46 million in its first hours of trading on Thursday, even as both the token and the ETF slipped in price.

XRPC recorded $26 million in trading volume within the first 30 minutes of the launch, senior Bloomberg ETF analyst Eric Balchunas said. Bloomberg ETF analyst James Seyffart added:

The highly anticipated ETF has been on analysts’ radar since 2024, with the odds of an XRP investment vehicle surging following the reelection of US President Donald Trump in and the ensuing pro-crypto regulatory pivot.

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