XRP Price Falters Despite Canary XRPC ETF Launch

Despite high expectations, the launch of the Canary XRPC ETF failed to deliver a surge for XRP’s price. While initial trading volume exceeded $58 million, the price remained largely unchanged and even dropped 7% during the day, defying predictions. This disconnect highlights the unique dynamics of ETF operations in contrast with traditional crypto markets, as buying an ETF doesn’t automatically translate into direct XRP demand.