Canary Capital’s XRP Spot ETF Surpasses $243M Inflows

Canary Capital launched the first US XRP spot ETF, XRPC, on Nasdaq with zero net inflow on day one followed by $243 million on day two.

XRPC’s debut signals potential growth in institutional interest in XRP, reflected by the Canary Capital’s XRP ETF Achieves $243 Million Inflows and a 2.5% rise in XRP prices, contrasting declines in Bitcoin and Ether.

Launch of the XRPC ETF

The launch of the XRPC ETF marks a significant milestone for Canary Capital, achieving the largest ETF debut in 2025. Despite an uneventful first day, $243 million inflows occurred on the second day, sparking interest.

Canary Capital, as the issuer of the XRPC ETF, has positioned itself in the evolving landscape of cryptocurrency ETFs. The firm’s third crypto ETF failed to elicit public comments from key executives, highlighting a gap in public engagement.

Market Reactions

Market reactions were immediate, with XRP prices increasing by 2.5% while Bitcoin and Ether experienced declines. These movements underscore XRPC’s role in shifting cryptocurrency market dynamics and hint at institutional interest.

Large inflows in XRPC suggest institutional involvement, yet no explicit confirmations from major funds or officials have emerged. This implies a quieter yet potentially impactful drive towards increased XRP holdings among undisclosed entities.

“Given this, it appears that while there was significant market activity related to the XRPC ETF, including notable inflows and price movements, the absence of direct commentary from relevant parties limits the availability of quotable material.”

Absence of direct commentary from key industry figures or KOLs on XRPC creates an information gap. Nevertheless, given historical ETF launches, XRPC’s success may suggest increased demand for regulated digital asset access. The ETF’s debut overshadowed the previous record set by the Bitwise Solana ETF, affirming the growing momentum behind XRP as a favored institutional asset.