XRP News Today: Regulatory Shift Enables XRP ETF's Record $58M Debut

The XRP ETF, launched by Canary Capital as XRPC, has set a new benchmark for exchange-traded fund debuts in 2025, racking up $58 million in first-day trading volume on Nasdaq. The fund, which tracks the XRP Ledger, outperformed even the $57 million opening-day record of Bitwise's Solana ETF (BSOL) and exceeded pre-launch estimates by a wide margin. Bloomberg senior ETF analyst Eric Balchunas initially projected $17 million in volume but noted on X that XRPC "blow[ed] away" expectations, with a "good shot" at claiming the top debut of the year according to reports. By midday, trading volume had surpassed $46 million, and the fund closed at $24.55, down 7.8% after a volatile session according to financial reports.

The ETF's success reflects growing institutional and retail appetite for regulated exposure to XRP, a cryptocurrency long associated with Ripple's cross-border payment infrastructure. XRPC is the first U.S. spot XRP ETF registered under the Securities Act of 1933, a milestone achieved after a five-year SEC lawsuit against Ripple Labs was settled earlier this year according to industry analysis. NovaDius Wealth president Nate Geraci hailed the launch as "the final nail in the coffin of previous anti-crypto regulators," emphasizing the regulatory shift that has normalized XRP as a commodity rather than a security according to market observers. Analysts attribute the ETF's strong performance to pent-up demand, with JPMorgan forecasting up to $8 billion in institutional inflows for XRP ETFs in their first year according to market analysis.

Market dynamics also underscored the ETF's impact. XRP's price rose 3.3% around the launch while Ethereum and Solana declined, suggesting buying pressure was concentrated in the new product rather than broad crypto momentum according to trading data. Meanwhile, on-chain activity revealed 21,000 new XRP wallets created in 48 hours and large holders transferring 90 million tokens, signaling retail and institutional participation according to blockchain analysis. Despite XRPC's price dip on its debut, some analysts see a potential rally ahead. Historical trends and low market liquidity could drive XRP toward $10–$37, with TradingView noting analysts' predictions of a $4–$8 billion inflow surge according to market forecasts.

The XRPC launch also highlights a broader pipeline of XRP ETFs. Seven more products from issuers like Bitwise and Grayscale are expected to follow, mirroring the Bitcoin ETF rollout earlier this year according to industry projections. This expansion comes as the crypto market grapples with a 3.5% decline in market capitalization to $3.43 trillion, with Bitcoin and Ether both down over 3% according to market data. Still, XRPC's debut has validated altcoin ETFs as viable investment vehicles, with Bloomberg's Min Jung noting XRP's "strongest and most persistent retail community" as a key catalyst according to financial analysis.