Data shows that trading in Canary Capital’s new spot XRP ETF (XRPC) surged at the open on November 13, generating $26 million in volume within the first 30 minutes on Nasdaq. The figure shattered the earlier $17 million forecast and immediately positioned XRPC as one of the most aggressively traded ETF debuts of 2025. The product went live after Nasdaq certified it under the SEC’s 8(a) automatic-effectiveness rule the previous evening, clearing the final procedural barrier.
Wowza. $XRPC surpassed $BSOL to become the biggest ETF launch of the year.
TBH tho, with the $XRP Army behind it, is anyone really surprised? 😅 https://t.co/7k649KCQFo
— Eleanor Terrett (@EleanorTerrett) November 13, 2025
XRPC is the first pure spot XRP ETF available to U.S. investors, offering direct exposure to the XRP Ledger, a blockchain designed for fast and inexpensive cross-border value transfers. Its early momentum eclipsed a high standard set by Bitwise’s Solana ETF (BSOL), which previously held the year’s top debut with $57 million in day-one turnover.
By the end of its first session, XRPC reached approximately $58.5 million in trading volume, slightly exceeding BSOL and claiming the top spot for the year’s ETF introductions. Moreover, it amassed about $245 million in net inflows, placing it among the most successful crypto ETF launches in recent memory.
Ripple CEO Applauds Milestone
Ripple CEO Brad Garlinghouse publicly acknowledged the ETF’s surge, noting that “it is finally happening.” The latest performance supports his view that regulated XRP instruments would attract substantial attention once approved.
The strong outing further confirms the widespread narrative that the XRP ETF would be an instant hit. Several analysts have earlier speculated that the investment vehicles would attract billions of dollars in their first month, potentially driving the XRP ecosystem to greater heights.
Strong ETF Momentum Did Not Lift XRP Price
Despite XRPC’s exceptional start, XRP’s market performance did not mirror the enthusiasm seen on Nasdaq. The token touched $2.52 on November 13 before sliding to close the session at $2.32, marking a 2.78% decline.
The downturn continued into the next day, with XRP falling 8.94% over the 24 hours, underperforming Bitcoin and Ethereum during the same time frame. Even so, XRP has delivered a 2.53% gain over the past week. It stands out as one of only two top-ten assets posting weekly increases.
Comparisons with other major launches reinforce the scale of XRPC’s inflows. BlackRock’s Ethereum ETF opened with $266.5 million in net inflows, while combined Ethereum ETF flows reached $106 million after offsetting outflows from the Grayscale product. XRPC’s $245 million places it firmly among the strongest digital-asset ETF debuts in the U.S. market.
The CoinRemark Team
Evans Kelvin
