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\n\t\t\t\t\t\t\t\t\tXRPC posted $245 million inflows despite sub-$60 million day-one volume thanks to massive in-kind creations.\t\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n
The Canary XRP ETF (XRPC) logged a standout first trading session on November 13, posting more than $58.5 million in volume and about $245 million in net inflows.<\/p>\n
The debut pushed XRPC ahead of Bitwise\u2019s Solana fund (BSOL), which previously held this year\u2019s top spot for ETF launches.<\/p>\n
XRPC surged out of the gate at market open after Nasdaq certified<\/a> the listing the evening before, with analyst Eric Balchunas noting that the fund traded<\/a> $26 million within its first 30 minutes, surpassing his $17 million projection, and ultimately edging<\/a> out BSOL\u2019s earlier $57 million opening-day figure.<\/p>\n Community reaction was lively. Journalist Eleanor Terrett said<\/a> she wasn\u2019t shocked the fund topped the charts, joking that \u201cwith the XRP Army behind it, is anyone really surprised?\u201d Meanwhile, ETF expert Nate Geraci highlighted<\/a> that nearly every crypto ETF launch in the past two years has beaten Wall Street\u2019s initial expectations, pointing to a pattern of deep-pocketed demand that the traditional finance \u201cold guard\u201d continues to underestimate.<\/p>\n Part of the disconnect between trading volume and inflows came down to in-kind creations, Geraci explained. These large institutional allocations do not appear in trading data, helping clarify how XRPC could post nearly a quarter-billion dollars in inflows despite sub-$60 million in visible volume.<\/p>\n The product\u2019s launch follows a broader wave of crypto ETFs that went live through automatic SEC registration rules. The same methods helped launch<\/a> BSOL and other spot products for Litecoin and HBAR in late October, with XRPC using a similar setup that provides access through a 1933 Act vehicle and depends on Form 8-A certification instead of needing approval from the regulator.<\/p>\n XRP itself has been trading around $2.28, sliding roughly 9% over the last 24 hours. Despite the pullback, the token is still nearly 3% higher this week and more than 220% year over year.<\/p>\n However, in the last 30 days, it has softened, drifting about 9% lower as part of a broader cooldown across major altcoins. The current range between $2.27 and $2.52 places it well below its July all-time high near $3.65, though far above its early-cycle lows.<\/p>\n Analysts have been watching whether ETF demand could help XRP regain momentum after several weeks of uneven trading. Earlier coverage pointed to potential friction between new institutional buying and profit-taking from long-standing holders, a dynamic that may continue to shape price action through the coming sessions.<\/p>\n With fresh bipartisan efforts in Congress to give XRP formal commodity status under the CFTC, first floated<\/a> on November 10, the regulatory backdrop may also play a role in how the asset performs against rising ETF interest.<\/p>\nXRP Market Picture and What Comes Next<\/h2>\n
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