- More XRP spot ETFs in the works
- XRP price falls lower
According to data provided by Bloomberg analyst Eric Balchunas, XRPC, a spot cryptocurrency ETF offered by Canarary Capital, has become largest ETF launch of 2025 with $58 million in first-day trading volume.
It has slightly outperformed the Bitwise Solana Stake ETF (BSOL), which began trading on October 28.
The ETF is the first US-based product to give investors pure direct exposure to XRP, meaning they don’t have to actually own the tokens.
More XRP spot ETFs in the works
There are also many other XRP spot ETFs that are currently in the pipeline.
These include offerings from issuers such as Bitwise, Canary Capital, 21Shares, Franklin Templeton and other players.
XRP price falls lower
Meanwhile, XRP is currently trading at $2.30, down 8% in the last 24 hours despite the ETF launch.
DonAlt, a popular pseudonymous cryptocurrency trader, says he has came out his XRP position after his strength was depleted.
