Canary XRP ETF Outperforms BSOL with Impressive $58.5 M First-Day Trading Volume

The Canary XRP ETF kicked off its trading life with a strong showing. On November 13, 2025, the fund recorded about US$58.5 million on its first day of trading.

In doing so, it edged out the debut of the BSOL (Solana-based) ETF, which logged around US $57 million.

Why the Strong Debut?

The fund, trading under the ticker XRPC, gives investors regulated exposure to the crypto asset XRP via a spot-ETF structure through Canary Capital.

Analysts point to a combination of pent-up demand for altcoin ETFs, a loyal retail base behind XRP, and institutional interest in regulated access.

Despite broader crypto markets being under pressure, including drops in major coins, the Canary XRP ETF’s performance stood out.

How It Compares to Solana and Other ETFs

The Solana-related ETF, BSOL, had held the previous benchmark for first-day volume. With the Canary XRP ETF slightly ahead, the signal is clear: altcoin-focused ETFs are generating meaningful traction.

Implications for XRP 

For XRP itself, the launch reinforces its emerging narrative, from being embroiled in regulatory uncertainty to becoming accessible via mainstream investment vehicles. The Canary XRP ETF helps bridge that gap.

Institutionally, this may open doors. Analysts estimate potential inflows in the billions for altcoin spot ETFs, a trend that could reshape how crypto exposure is accessed.

If you’re exploring different ETF structures, you can also read our guide on the difference between spot and leveraged Bitcoin ETFs for better context.

From a broader market view, the success of the Canary XRP ETF might chart a course for others to bring altcoins into regulated product wrappers. In brief, the world of crypto ETFs could be expanding beyond Bitcoin and Ethereum.

Risks and What to Watch

Even though the volumes on the first day were high, they do not mean that trading and performance will hold up. The ETF had a launch into a challenging market sentiment for the time being. XRP’s own price slipped on the first day of trading and the launch. 

There are many risks to monitor. Market volatility, tracking errors between the ETF and the underlying asset, and regulatory or liquidity risk.

Much of future performance will depend on continued inflows, with sentiment in the market balanced against the ability of the ETF to continue to attract the interest of equity traders after an initial frenzy.

Final Word

The Canary XRP ETF delivered one of the most impressive debuts of the year with 58.5 million dollars in first-day trading volume. It surpassed the SOL ETF and nearly every other ETF launched in 2025. It underscores investor appetite for regulated altcoin exposure and signals that the world of crypto-backed ETFs is expanding. As investors and observers watch what comes next, the Canary XRP ETF could be a blueprint for the next wave of crypto mainstreaming.

Disclaimer:

This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and related investment products carry risk, including price volatility and regulatory uncertainty. Always conduct your own research or consult a qualified financial advisor before making any investment decisions.

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