XRP ETF Soars with $58M Debut Amidst Crypto Market Weakness

A new entrant into the crypto investment arena has made a significant splash, attracting substantial trading activity and drawing attention to XRP as an asset of interest within the broader market. Canary Capital’s XRPC spot XRP ETF marked its debut with exceptional first-day trading volume, exceeding that of any other ETF launch this year. This impressive performance is noteworthy considering the ongoing slump in the cryptocurrency market.