What to Know:
- Canary Capital’s XRP ETF, XRPC, has seen significant day-one trading volume.
- Multiple spot XRP ETFs are in the pipeline from various issuers.
- Despite the ETF launch, XRP’s price has experienced a notable decrease.
The launch of a spot XRP ETF marks a significant development for investors seeking direct exposure to the token. XRPC, offered by Canary Capital, has quickly become the biggest ETF launch of 2025. However, the market reaction has been mixed, with XRP’s price experiencing a downturn despite the ETF’s debut.
The introduction of XRPC provides a U.S.-based avenue for investors to gain direct exposure to XRP without directly holding the tokens, potentially broadening its accessibility. This ETF launch slightly outperformed the Bitwise Solana Staking ETF (BSOL), indicating a strong initial interest in XRP-related investment products. The success of XRPC could pave the way for increased institutional involvement in XRP.
$XRP update:
Unfortunate, started off strong ended weak
I’ll try again another time, took the tiny scratch and am gonna chill for a while
Already unloaded my spot bags, gonna retire trading accounts too until something crazy happens pic.twitter.com/CNwy0vxTTR
Several other spot XRP ETFs are anticipated to enter the market, with applications from firms like Bitwise, Canary Capital, 21Shares, and Franklin Templeton. This indicates a growing interest from major financial players in offering XRP investment products. The increased competition among ETF issuers could lead to more innovative and cost-effective investment options for XRP investors.
Despite the positive development of the ETF launch, XRP’s price has seen a decline, trading at $2.30, down 8% over the past 24 hours. This could be attributed to various market factors, including profit-taking after the initial hype or broader market corrections. Trader DonAlt has disclosed exiting his XRP position, citing a lack of sustained strength.
The launch of spot XRP ETFs is a positive step for the cryptocurrency, offering new avenues for investment and increased market visibility. While the initial price reaction may not have been overwhelmingly positive, the presence of these ETFs and the potential for future offerings could contribute to the long-term growth and stability of XRP within the evolving landscape of digital assets and crypto regulations.
Source: Original article
