The
XRP
ETF introduced by Canary Capital has exceeded forecasts, drawing in $250 million in new investments and recording $58 million in trading activity on its first day,
making it the most successful ETF launch of 2025
. Listed under the symbol XRPC, the fund
surpassed all other crypto and conventional ETFs
so far this year, highlighting a growing appetite for alternative cryptocurrencies. This achievement comes after a record-setting 43-day shutdown of the U.S. government, which had delayed regulatory processes, and
signals renewed momentum for issuers
as the market recovers from the pause.
The ETF's impressive performance is
credited to its in-kind creation and redemption approach
, a framework approved by the SEC in July 2025. This setup lets investors swap XRP tokens directly for ETF shares,
eliminating the need for cash transactions and allowing greater inflows
compared to standard models. Nate Geraci from the ETF Store
pointed out that in-kind creation explains
the difference between the $250 million in inflows and the $58 million in trading volume. This method has also
drawn interest from institutional investors
, who previously encountered regulatory barriers to holding crypto directly.
XRP's value
climbed more than 200% in 2025
as excitement over the ETF grew, trading at $2.30 even after dropping 37% from its July peak of $3.65. According to Nansen, savvy traders
increased their net long XRP positions by $44 million
following the ETF's launch. In contrast, the broader crypto sector declined, with
Bitcoin
falling 6.2% and
Ethereum
dropping 9.5% over the last day
based on financial statements
.
Experts such as Ryan Lee from Bitget observe
that XRP's recent moves represent a "healthy correction" rather than a bearish phase, suggesting room for further growth as market confidence returns.
The launch of the XRP ETF has also ramped up rivalry among fund managers.
Bitwise, Grayscale, and Franklin Templeton are preparing
to introduce their own XRP ETFs, with Bitwise's offering scheduled for release this Thursday.
Grayscale, which has updated its XRP Trust
, is targeting a November 24 launch alongside Franklin Templeton. This coordinated introduction
highlights a significant movement
toward regulated crypto investment products, with XRP ETFs now overseeing assets exceeding $277 million.
Ripple, the company responsible for XRP, has
leveraged this momentum
. In November, a $500 million funding round valued Ripple at $40 billion, and new collaborations with Mastercard and Gemini aim to incorporate XRP into stablecoin credit card payments. These initiatives
establish XRP as a major force
in financial systems, even as regulators continue to scrutinize Ripple and pursue its former CEO, Brad Garlinghouse.
At the same time, the market
anticipates the possible introduction
of a Dogecoin ETF next Monday, following a similar regulatory approval.
Market watchers expect
a surge of altcoin ETFs in the near future, driven by clearer regulations and growing institutional interest. As XRP and
DOGE
ETFs gain popularity, they may reshape how cryptocurrencies fit into traditional investment portfolios, with Polymarket participants giving XRP a 44% probability of reaching $2.60 by year-end
according to market insights
.
