What to Know:
- The Canary Capital XRP ETF (XRPC) debuted with impressive volume, exceeding expectations and other recent ETF launches.
- Despite the ETF’s success, XRP’s price experienced a decline, leading to investor concerns about immediate price appreciation.
- Analysts suggest that broader market conditions and the mechanics of ETF operations contribute to the delayed price reaction.
The launch of the Canary Capital XRP ETF (XRPC) marked a significant event, drawing substantial investor interest. The ETF’s strong first-day performance, measured by trading volume, highlights the growing demand for regulated crypto investment products. However, the price of XRP itself has not yet reflected this enthusiasm, prompting analysis into the potential reasons behind the divergence.
The XRPC ETF’s initial volume reached $58.5 million, surpassing the Bitwise Solana ETF (BSOL) and becoming the highest first-day volume ETF launch of the year. This robust start underscores the appetite for crypto ETFs, particularly those focused on assets beyond Bitcoin and Ethereum. The performance signals a potential shift in investor strategy as they explore diverse crypto investment opportunities.
🚀 Big day one for the $XRPC ETF — over $58.5M in trading volume and $245M in net inflows!
Prospectus: https://t.co/y66AAqpe7T pic.twitter.com/tTDrQivyT8
— Canary Capital (@CanaryFunds) November 13, 2025
Despite the ETF’s success, XRP’s price experienced a downturn, falling 6.79% in the last 24 hours. Analysts attribute this to several factors, including the relatively small ETF inflows compared to XRP’s overall market capitalization. Additionally, broader market struggles, particularly Bitcoin’s decline, have exerted downward pressure on the entire crypto market, including XRP.
Another factor influencing the price is the operational mechanics of spot ETFs, which typically involve a delay between the ETF’s trading activity and the issuer’s actual purchase of the underlying asset. This delay means that the demand generated by the ETF may not immediately translate into upward price pressure on XRP. As institutional demand grows, the impact on XRP’s price may become more apparent over time.
XRP/USD [8H]
Once again, unexpected price action.
Today all markets got a beating once again, including the stock market.
Crypto also went down because DXY rallied up today mainly, after initially dropping.
On days like this its important to zoom out, and to understand where… https://t.co/93PVsxsvkV pic.twitter.com/Ijzenz8aXD
— DustyBC Crypto (@TheDustyBC) November 13, 2025
The launch of the XRP ETF is a positive development for the crypto space, reflecting increased institutional acceptance and offering investors a regulated avenue for exposure. While immediate price reactions may be muted, the long-term implications of increased accessibility and demand could be significant for XRP and the broader digital asset market, especially as regulations evolve.
Source: Original article
