Canary Funds XRPC Records $58.5 Million in First Day of Trading Volume; Higher than BSOL

Share This Post

What Happened in the Crypto Market Today Bitcoin Price Nears $104K, XRP ETF Approval, and Top Crypto News

The post Canary Funds XRPC Records $58.5 Million in First Day of Trading Volume; Higher than BSOL appeared first on Coinpedia Fintech News

The Canary XRP ETF (XRPC) has recorded a major debut. After launching on the same day as the reopening of the United States government, the Canary XRP ETF has registered a record $58.5 million in trading volume and around $245 million in net asset inflows. 

In comparison, the Canary XRP ETF has outshined 900 other spot ETFs launched in 2025. Most importantly, the Canary XRP ETF outshined the Bitwise BSOL, which recorded a trading volume of about $57 million during its first day of launch.

Why is Canary XRP ETF Gaining Traction Amid Bearish Outlook

XRP has an improved market and better regulatory clarity

The impressive debut performance by the Canary XRP ETF is heavily attracted to the unwavering support of the XRP army. After years of waiting, institutional investors now have a clear path towards investing in XRP in a regulated manner. 

Earlier this year, the United States Securities and Exchange Commission (SEC) unanimously approved the closure of the lawsuit against Ripple. As such, the XRP market has significantly improved through notable listings and more real-world use cases.

Anticipated altseason 2025 fueled by institutional adoption amid rising global money supply

The notable demand for the Canary XRP ETF on the first days, amid notable crypto capitulation, is heavily influenced by its prospects to record a similar rally akin to the crypto summer of 2017. 

According to a popular market analyst alias Egrag Crypto, XRP price is well positioned to rally exponentially in the near future, potentially hitting double digits. The macro bullish for XRP price is bolstered by the highly anticipated Federal Reserve’s money printing triggered by its Quantitative Easing (QE) amid rising global money supply.

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Big Buyers Storm In as Bitcoin’s Rebound to $91K Triggers Massive Liquidation Wave

After spending the morning flirting with the dungeon below $88,000, BTC clawed its way upward and blasted to an intraday high of $91,767 Bitcoin’s latest rebound didn’t just flip the script on

The AI Crypto Boom Hits a Wall as Tokens Deliver Tough Monthly Stats

AI coins have been dealing with a brutal stretch, with performance charts dripping red across several timeframes Even sector leaders were not spared, and traders looking for green candles instead got

Ethereum Torches $18B in Value and Clears 6M ETH Burned, Yet the Supply Keeps Expanding

According to metrics, the tally of ETH burned from fees has sailed past the 6 million mark, meaning that as of Dec 7’s exchange rates, more than $18 billion in value has effectively gone up in

A sudden $13.5 billion Fed liquidity injection exposes a crack in the dollar that Bitcoin was built for

The number didn’t look dramatic at first glance ($135 billion in overnight repos on Dec 1), but for anyone who watches the Federal Reserve’s plumbing, it was a noticeable spike These operations

Dogecoin’s Dozen Years: King Of Meme Coins Marks 12th Birthday In Rough Markets

Dogecoin has just celebrated its 12th anniversary, a milestone that arrives during a period of shaky price action The meme coin has spent the majority of recent days trading with a bearish tone, but

Bitcoin Price Prediction: Can BTC Break Out of the $89K Range This Week?

The post Bitcoin Price Prediction: Can BTC Break Out of the $89K Range This Week appeared first on Coinpedia Fintech News Bitcoin stayed close to $89,000 on Sunday, holding inside a narrow trading