XRP News Today: Institutional Demand Drives XRP ETF's Historic Launch

Canary Capital's XRPC ETF, the first U.S. spot exchange-traded fund (ETF) tied to Ripple's XRP token, made history on November 13, 2025, with a staggering $58 million in first-day trading volume- the highest debut of any ETF launched that year. The fund, listed on Nasdaq under the ticker XRPC, outperformed rival offerings, including Bitwise's Solana ETF (BSOL), which recorded $57 million in its first 24 hours. XRPC's rapid ascent was fueled by institutional demand for regulated exposure to XRP, a token long used in cross-border payments but previously lacking a direct U.S. ETF vehicle according to reports.

The ETF's success signals growing confidence in XRP's utility beyond speculative trading. XRP, the native asset of the XRP Ledger, is designed for fast, low-cost global transactions and has seen renewed interest as financial institutions explore blockchain-based settlement systems according to analysis. The XRPC ETF allows traditional investors to access XRP through standard brokerage accounts, eliminating the need for direct crypto custody according to reports. This structure mirrors the design of Bitcoin and Ethereum ETFs, which have drawn billions in assets under management (AUM) according to market data.

Market reactions were mixed. While XRPC's launch drove XRP's price above $2.50-though not significantly higher than pre-launch levels- the token's weekly inflows hit $28 million, contrasting with outflows for Bitcoin and Ethereum. CoinShares data showed XRP's inflows defied broader risk-off sentiment, suggesting niche demand for the asset. However, technical indicators painted a cautious picture: Open Interest (OI) for XRP futures remained subdued at $3.36 billion, down from October's $9 billion peak, hinting at uncertain short-term momentum.

The ETF's performance also highlighted XRP's regulatory journey. After years of litigation with the SEC over its classification as a security, Ripple secured clarity with the XRPC approval. "This is a watershed moment for XRP," said Steven McClurg, CEO of Canary Capital, emphasizing the token's role as a bridge. The fund's 0.50% management fee and institutional-grade custody through Gemini and BitGo further underscored its appeal to mainstream investors according to market reports.

Analysts predict XRPC could attract $4–$8 billion in institutional capital, potentially driving XRP's price higher. Historical patterns, such as the 18% rally seen before the REX-Osprey XRP ETF launch in September, suggest ETF approvals can temporarily boost prices. On-chain data added nuance: Over 216 million XRP tokens ($556 million) left exchanges ahead of the launch, signaling bullish positioning, though whale activity showed some profit-taking.

With seven XRP ETFs expected to launch within 12 days, competition is intensifying. Bitwise, 21Shares, and Grayscale have all filed, mirroring the Bitcoin ETF rush. However, XRPC's early lead- surpassing $26 million in volume within 30 minutes of trading- has set a high bar. As Bloomberg's Eric Balchunas noted, "XRPC has a good shot at being the biggest ETF debut of 2025" according to market analysis.