XRP News Today: XRPC ETF Volume Shines on a Red Day for Crypto
Bloomberg Intelligence ETF analyst James Seyffart commented:
“Looks like XRPC from Canary Funds has the largest day-1 trading volume so far for an ETF launch in 2025. Squeaks by BSOL’s ~$57 mln. Doing it on a down day like today is pretty impressive.
Day-One Hype or a BTC-Spot ETF Competitor?
Traders will now need to decide whether day-one trends stemmed from pent-up demand or whether XRP-spot ETFs are likely to meet lofty expectations.
Canary Capital CEO Steven McClurg recently upped his $5 million first-month inflow projection, stating:
“I may have been a little bearish. We’re going to hold to that number. If it hits that number, at least I’ll be right, and if it’s $10 billion, then I’m still right because we got at…
