The Canary Capital XRP exchange-traded fund (XRPC) posted the strongest first-day performance of any ETF launched in 2025, recording around $59.1 million in trading volume on its debut.

Bloomberg ETF analyst James Seyffart shared the fund’s volume data on X, noting that it had marginally surpassed the Bitwise Solana Staking ETF’s (BSOL) first-day volume of $57 million.

This story is an excerpt from the Unchained Daily newsletter.

The XRPC ETF saw $26 million in trading volume within the first 30 minutes of launch, far exceeding initial volume predictions, and generated $245 million in inflows.

Notably, the strong performance came amid a down day for crypto markets and risk assets, with XRP seeing a 4.5% decline over the last 24 hours.