Canary Capital’s XRPC, the first U.S. ETF tied to XRP, saw an impressive debut with $58 million in trading volume, the highest for any ETF this year. Bitwise’s Solana ETF trailed closely with $57 million, highlighting their lead in the market. This signals growing institutional interest in diversifying digital asset investments beyond bitcoin and ether.

The strong start of the XRPC ETF shows increasing demand for regulated investment options offering exposure to altcoins. Despite no immediate price reaction for XRP, the high trading volume indicates a shift towards mainstream investment vehicles. It will be interesting to see if this trend continues, reflecting investor interest in XRP Ledger’s utility and scalability.

Read more at Yahoo Finance: Canary’s XRP ETF Tops 2025 Debuts with $58M Day-One Volume