The first-ever spot XRP ETF just made a big jump in its first week on the Nasdaq market. In just four days, it brought in a whopping $128 million in trading volume. Canary Capital's XRPC ETF showed stronger than expected interest in a regulated way to invest in XRP.
However, this quick start had its ups and downs. Even though the ETF reached $58.5 million on the first day, the price of XRP still fell about 7 percent during the trading session.
4-day trading volume reaches $128 million
Data shared by experts shows the daily performance of ETFs. It closed its first day with $58.5 million, slightly more than the $57 million Bitwise Solana ETF opened earlier this year. The second day added $26 million, the third day $19 million, and the fourth day about $24 million. (All numbers are rounded off)
This brings the four-day total to approximately $128 million, making it one of the strongest ETF launches of 2025. Bloomberg analyst Eric Balchunas even noted that the ETF recorded $26 million in the first 30 minutes of trading, one of the fastest starts among crypto ETFs.
Of the more than 900 ETFs launched in 2025, only Solana's ETF has shown similar early strength. The launch of Solana and XRP brings new expectations for crypto ETFs this year.
More XRP ETFs about to be launched
Excitement surrounding Canary's ETF is growing as more XRP ETFs are coming next. Over the next two weeks, 11 more XRP ETFs are scheduled to launch on the Nasdaq, New York Stock Exchange, and CBOE.
Per Bit, 21Shares and CoinShares will launch between November 20th and 22nd. Grayscale and WisdomTree are planning a November 25th release. Each new ETF means more XRP purchases, as fund issuers require XRP to seed and support each product.
If each ETF has an initial trading volume of $20 million to $30 million, total inflows could reach hundreds of millions of dollars by the end of December. This could create a steady demand for XRP rather than one big spike.
Will XRP follow Bitcoin's ETF pattern?
There have been similar stories in the virtual currency market before. When the Bitcoin Spot ETF was launched, BTC initially fell, but then recovered with continued monthly inflows. Ethereum worked similarly. XRP's chart shows similar early weakness, but the timeline here is much tighter.
Rather than 11 ETFs launching in a day like Bitcoin, XRP is being rolled out in stages, which can cause repeated “news-selling” declines or build steady momentum as each new fund validates the demand of the previous one.
