The first 30 minutes of trading for Canary Capital’s spot $XRP ETF (XRPC) has stunned the $XRP Army with its remarkable performance. The fund, which began trading today, reportedly recorded over $916,000 in volume within just half an hour of opening. This striking figure for a debut session set the tone for what has quickly become one of the most talked-about ETF launches of the year.

XRPC is trading on the Nasdaq exchange, representing the first U.S. spot ETF tied directly to XRP on that platform. It offers investors regulated access to the asset without the operational challenges of managing wallets or private keys. The fund holds actual XRP and aims to track the value of the digital currency as closely as possible, providing a familiar vehicle for traditional market participants.

Canary Capital's David Steingraber noted that if the 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 ETF analyst, Eric Balchunas, also contributed to the launch-day conversation, predicting a potential first-day trading volume of $17 million. His projection offers a benchmark for how the market could gauge performance over the first full day of trading.

The ETF’s first hour showed active inflows, with its price hovering around $26.71 per share. $XRP itself has also benefited from the launch, currently trading at $2.42 after a 3.1% increase from yesterday. For Canary Capital, these early numbers confirm significant investor demand for an XRP ETF, particularly after years of legal uncertainty surrounding the token.