Canary's spot XRP ETF reaches $58 million in first-day trading volume, surpassing Bitwise's Solana ETF

According to ChainCatcher, citing The Block, Bloomberg senior ETF analyst Eric Balchunas stated that Canary Capital's XRP ETF (ticker XRPC) began trading on Thursday morning, reaching a first-day trading volume of $58 million, setting a new high for first-day trading volume among nearly 900 newly listed ETFs this year.

Earlier, Balchunas mentioned on the X platform that XRPC recorded a trading volume of $26 million in its first hour. Previously, this record was held by Bitwise's Solana ETF (ticker BSOL), which had a first-day trading volume of about $57 million, with the second day's volume soaring to $72 million. When discussing the launches of XRPC and BSOL this year, Balchunas noted that these two funds are in a league of their own, as the third-ranked fund's trading volume lags behind by more than $20 million.