Canary XRP ETF sees $26M volume in 30 minutes, poised for record day one
Key Takeaways
- Canary Capital’s XRP ETF, XRPC, opened with $26 million in early trading.
- This positions XRPC to potentially break debut day trading records.
XRPC, a spot exchange-traded fund focused on XRP that launched earlier today on Nasdaq by Canary Capital, recorded $26 million in trading volume within its first 30 minutes, positioning it for a potentially record-breaking debut day.
The ETF’s strong opening reflects rising institutional momentum around XRP-related products. Community commentators have highlighted how XRP ETFs could enhance the digital asset’s market positioning following regulatory approvals.
BSOL, another crypto-linked ETF, previously demonstrated strong initial trading performance, suggesting investor appetite for digital asset exposure through traditional exchange-traded products.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin News Update: Bitcoin's Dominance Wanes as Institutional Investors Turn to Altcoins Amid Changing Market Trends
- Bitcoin's market dominance fell to 59.90% in November, signaling potential capital rotation to altcoins as analysts debate an emerging altcoin season. - Mixed signals from the Altcoin Season Index (100 vs. 28) reflect fragmented sentiment, with Solana and XRP attracting $146M in institutional inflows amid Bitcoin outflows. - Technical indicators suggest a "dead cat bounce" in Bitcoin dominance, with historical parallels to 2019-2020 cycles hinting at prolonged altcoin-friendly conditions. - JPMorgan fore
Bitcoin Updates: MicroStrategy’s Bold Bitcoin Bet: mNAV Drops Under 1, Raising Concerns Over Possible Liquidation
- MicroStrategy CEO Saylor dismissed Bitcoin sale rumors after a $5.7B wallet transfer, reaffirming the company's commitment to buying more crypto amid market volatility. - The mNAV ratio dipping below 1 triggered fears of a "death spiral," as MicroStrategy's market cap now lags behind its Bitcoin holdings, raising leverage risks. - Competitors like BSTR and Reitar Logtech are expanding Bitcoin treasuries, reflecting growing institutional interest despite market uncertainty. - Critics warn of forced liquid
"Global financial markets caught in a struggle as the Federal Reserve weighs concerns over inflation against the need for liquidity"
- Fed officials' divided views on rate cuts triggered global market declines, with Asian and European indices falling amid inflation concerns. - UK unemployment rose to 5.0% while Switzerland secured a 15% US tariff cut, boosting growth projections and bilateral investments. - Data gaps before the Fed's December meeting intensified uncertainty, with investors pricing in shifting cut probabilities and hoarding $7.535T in cash. - Central banks face balancing acts as 10-year Treasury yields climbed to 4.125%,
Solana News Update: Institutions Invest $370 Million in Solana ETFs Amid 5-Month Price Slump
- Solana ETFs (BSOL/GSOL) gained $370M in inflows despite SOL hitting 5-month lows amid broader crypto declines. - Contrasts Bitcoin/ETH ETF outflows ($870M BTC exodus) as institutional demand for Solana remains strong. - Technical indicators signal potential $100 support break, but ETF inflows persist with NYSE options boosting participation. - Market divides: $150 resistance vs. $142 support levels, with RSI near oversold but bullish divergence emerging.
Trending news
MoreCrypto prices
More
