First US Spot XRP ETF Debuts on Nasdaq With Record-Breaking $58M Trading Volume

The cryptocurrency market witnessed a significant milestone as the first US spot XRP exchange-traded fund (ETF) successfully launched on Nasdaq, recording an impressive $58 million in trading volume on its debut day. The Canary Capital XRP ETF, trading under the ticker symbol XRPC, has quickly established itself as 2025’s top-performing ETF launch out of nearly 900 new products introduced this year.

The groundbreaking ETF began trading on November 13th, generating substantial investor interest from the opening bell. Within the first 30 minutes of trading, XRPC had already accumulated $26 million in volume. By market close, total trading volume reached $58 million with approximately $250 million in inflows, instantly making it the best-performing ETF debut of 2025.

Record-Breaking Performance Among 2025 ETF Launches

The Canary XRP ETF’s debut significantly outpaced other ETF launches this year. Its closest competitor, the recently launched BSOL fund (Solana ETF), posted $57 million on its first day. Together, these two cryptocurrency ETFs have dominated the 2025 newcomer list, drawing nearly 90% more volume than the next-closest ETF launched this year.

While XRPC’s performance stands out among altcoin ETFs, it represents a smaller fraction of the massive debuts seen with Bitcoin and Ethereum ETFs in earlier launches. For comparison, Bitcoin spot ETFs recorded $4.1 billion in opening-day trading volume with $600 million in net inflows across 11 issuers in January 2024. Ethereum spot ETFs saw $1.1 billion in day-one volume across nine funds in July 2024.

However, market analysts emphasize that Bitcoin’s debut represented an unprecedented category-defining event, whereas XRPC is launching into a more mature ETF environment. The strong performance of the XRP ETF despite these differences demonstrates persistent retail demand for regulated XRP investment products.

🚨DATES TO WATCH FOR XRP ETF LAUNCH

Nov 13: Canary
Nov 14–18: Franklin Templeton
Nov 19–20: Bitwise
Nov 20–22: 21Shares, CoinShares
Late Nov: Grayscale, WisdomTree

Wall Street’s $1.5T is coming for $XRP! pic.twitter.com/t1xyEeonLk

— Coin Bureau (@coinbureau) November 13, 2025

Wave of XRP ETFs Coming Throughout November

The successful debut of Canary’s XRPC represents just the beginning of a concentrated wave of XRP ETF launches scheduled throughout November 2025. Several major asset management firms are preparing to enter the XRP ETF market with their own offerings:

• Franklin Templeton: November 14-18
• Bitwise: November 19-20
• 21Shares and CoinShares: November 20-22
• Grayscale and WisdomTree: Expected in late November

This condensed timeline represents what industry observers call the most significant stage of the spot XRP ETF approval cycle to date. With these financial powerhouses entering the market in rapid succession, November could become a transformative month for XRP’s institutional adoption.

The potential impact extends beyond mere price movement. These ETF launches would legitimize XRP in the same way Bitcoin was legitimized by spot ETFs: making it allocation-ready, brokerage-friendly, and compliance-screened. This opens XRP access to portfolio managers who were previously unable to invest due to mandate limitations.

🚨XRP SUPPLY ON EXCHANGES PLUNGES!

Over 149M $XRP worth about $336M exited centralized exchanges in just 24 hours. pic.twitter.com/Hg2qL2sis6

— Coin Bureau (@coinbureau) November 14, 2025

Market Impact and Investor Activity

As anticipation builds for additional XRP ETF launches, market participants have observed interesting on-chain movements. XRP supply on exchanges has dropped sharply, with approximately 149 million XRP (worth about $336 million) withdrawn from trading platforms in just 24 hours prior to the first ETF launch.

Analysts suggest this activity indicates major accumulation ahead of new XRP ETF launches rather than normal retail movement. With less XRP available on exchanges, liquidity tightens and the price becomes more sensitive to buy pressure, potentially setting the stage for increased volatility.

Expanding the Crypto ETF Landscape

The launch of XRP ETFs follows successful introductions of Bitcoin and Ethereum ETFs, continuing the integration of cryptocurrency assets into traditional financial infrastructure. The industry is evolving rapidly, with CME Group filing to list spot-quoted XRP futures alongside spot-quoted SOL futures, with certification expected on November 25, 2025.

This expanding ecosystem provides investors with more regulated options to gain exposure to cryptocurrencies without directly holding the digital assets. For XRP specifically, this wave of ETF approvals could help overcome its multi-year price stagnation by introducing more mechanical price discovery through allocation cycles rather than purely speculative activity.

As these new investment vehicles become available, investors should closely monitor how institutional participation shapes market dynamics. The XRP ETF launches represent not just new trading opportunities but potentially a fundamental shift in how this digital asset is perceived and valued by the broader financial community. Stay connected with Genfinity for continued updates as this exciting new chapter in cryptocurrency investing unfolds.

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