The post Canary Funds XRPC Records $58.5 Million in First Day of Trading Volume; Higher than BSOL appeared first on Coinpedia Fintech News
The Canary XRP ETF (XRPC) has recorded a major debut. After launching on the same day as the reopening of the United States government, the Canary XRP ETF has registered a record $58.5 million in trading volume and around $245 million in net asset inflows.
In comparison, the Canary XRP ETF has outshined 900 other spot ETFs launched in 2025. Most importantly, the Canary XRP ETF outshined the Bitwise BSOL, which recorded a trading volume of about $57 million during its first day of launch.
Why is Canary XRP ETF Gaining Traction Amid Bearish Outlook
XRP has an improved market and better regulatory clarity
The impressive debut performance by the Canary XRP ETF is heavily attracted to the unwavering support of the XRP army. After years of waiting, institutional investors now have a clear path towards investing in XRP in a regulated manner.
Earlier this year, the United States Securities and Exchange Commission (SEC) unanimously approved the closure of the lawsuit against Ripple. As such, the XRP market has significantly improved through notable listings and more real-world use cases.
Anticipated altseason 2025 fueled by institutional adoption amid rising global money supply
The notable demand for the Canary XRP ETF on the first days, amid notable crypto capitulation, is heavily influenced by its prospects to record a similar rally akin to the crypto summer of 2017.
According to a popular market analyst alias Egrag Crypto, XRP price is well positioned to rally exponentially in the near future, potentially hitting double digits. The macro bullish for XRP price is bolstered by the highly anticipated Federal Reserve’s money printing triggered by its Quantitative Easing (QE) amid rising global money supply.