Canary Capital’s XRPC ETF Hits Record $58 Million Debut on Nasdaq

Canary Capital launched its XRP-focused ETF, the XRPC ETF, on the Nasdaq Exchange, achieving a record-breaking $58 million in trading volume for a debut this year. The launch was driven by strong investor demand despite a downturn in the crypto market. Bitcoin dipped below $99,000 during the debut, and the overall market experienced a decline of around 3.5%. Despite these market challenges, XRPC attracted significant interest early on. It reached record trading volume within the first hour of its launch, surpassing Bitwise’s BSOL ETF, which debuted last month with $57 million in volume.