The world of finance just witnessed a spectacular event today that no one expected-except for, well, everyone who’s been watching XRP closely. The inaugural XRP ETF, a beacon of digital currency hope (and potentially a giant glowing middle finger to anyone who thought XRP was dead), managed to rake in a whopping $26 million in trading volume in the first 30 minutes of existence. That’s right, 30 minutes. It’s almost like the stock market has a caffeine problem.
- The Canary XRP ETF pulled in $26 million in trading volume in its first 30 minutes. No big deal, right?
- The demand? Well, let’s just say it legitimized XRP, the crypto that’s been in a constant battle with legal issues for, oh, just a decade or so.
- The XRP ETF is on track to be the biggest thing since sliced bread, or at least the biggest thing among altcoins.
On Wednesday, November 13, the world of digital finance experienced the birth of the first-ever U.S.-listed spot XRP ETF. And guess what? Early signs suggest that it’s going to be a big deal. In fact, the Canary XRP ETF saw $26 million in trading volume within 30 minutes of launch. If that doesn’t make you want to throw your portfolio out the window and start trading XRP instead, well, maybe you need to check your pulse.
Of course, Bloomberg’s Eric Balchunas was quick to give his commentary, noting that the ETF had already surpassed its initial $17 million target within less than an hour. He even went so far as to suggest that it could overtake BSOL’s first-day volume of $57 million. And yes, we’re talking about $57 million in one day. We’re clearly in the realm of “throwing money into a fire” territory here, folks.
$XRPC at $26m in volume in first 30min, wow, gonna blow away my $17m guess. Has good shot at beating $BSOL’s $57m as biggest Day One of any launch this year.
– Eric Balchunas (@EricBalchunas) November 13, 2025
Now, let’s not get ahead of ourselves. $26 million might seem like chump change compared to the glory that is Bitcoin (BTC) and Ethereum (ETH) ETF debuts. However, when you stack it up against most altcoin ETFs, it’s like comparing a Mercedes to a tricycle. For context, the Litecoin (LTC) spot ETF-remember that one?-only managed to pull in $1 million on its first day. Talk about a slow start.
And just to make things even more exciting, the Ethereum spot ETFs managed a cool $1 billion in trading volume on their launch day back in July 2024. Yep, one billion. Not a typo. But hey, who’s counting?
XRP Bounced and Dropped on ETF Launch
After the ETF launch, XRP itself had a bit of a rollercoaster ride. It soared to a high of $2.52, then slowly stumbled back down to $2.36, closing with a modest 0.63% rise for the day. It’s like the crypto market was trying to decide whether to party or cry, and we all know what happens when macroeconomic risks get involved-it’s always the cry part.
And in case you thought this was a one-off miracle, let me assure you, this is just the beginning. The Canary fund is one of several XRP ETFs set to launch in the coming weeks. Among the big names getting in on the action are Franklin Templeton, Bitwise, 21Shares, CoinShares, Grayscale, and WisdomTree. November is going to be a very interesting month for XRP fans. Buckle up!
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2025-11-14 02:12