First 30 Minutes of Canary Capital’s XRP ETF Stuns XRP Army
$XRP The Canary Capital spot XRP ETF (XRPC) began trading today and has stunned traders with remarkable performance in its first 30 minutes. He reported that the fund had already recorded over $916,000 in volume within half an hour of opening.
one of the most talked-about ETF launches of the year.
👉A Strong Opening for a Highly Anticipated ETF
XRPC is trading on the Nasdaq exchange, representing the first U.S. spot ETF tied directly to XRP on that exchange. It offers investors regulated access to the asset without the operational challenges of managing wallets or private keys.
The fund, which holds actual XRP, aims to track the value of the digital currency as closely as possible while providing a familiar vehicle for traditional market participants. Steingraber noted that if momentum continues at the current rate of almost $1 million per hour, “we are looking at ~5,890,000 million in volume.”
Bloomberg’s senior analyst Eric Balchunas also contributed to the launch-day conversation, predicting a potential day-one trading volume of $17 million. His projection is a reference to how the market could gauge performance over the first full day of trading.
The ETF’s first hour of trading showed active inflows and trading, with a price hovering around $26.71 per share. XRP has also benefited from this launch, currently trading at $2.42 after a 3.1% increase from yesterday.
For Canary Capital, these numbers confirm investor demand for an XRP ETF, particularly after years of legal uncertainty surrounding the token.
👉The Potential Impact of the New XRP ETF
The launch of XRPC follows months of .
a speculative instrument.
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