XRPC ETF Sees Strong Opening as Volume Hits $26 Million in First Half Hour

• XRPC ETF volume hit $26M in 30 minutes, exceeding early forecasts.
• Futures whales positioned early before the ETF launch became public.
• XRP saw rapid wallet growth and major holder selling around the debut.

The newly listed XRPC exchange-traded fund recorded unexpectedly heavy trading during its first minutes on Nasdaq, marking a start for the United States’ first spot XRP ETF. The product, issued by Canary Capital and certified under the SEC’s 8(a) automatic-effectiveness rule the previous evening, logged approximately $26 million in turnover within the first 30 minutes of Thursday’s session. Early indicators on market terminals showed the fund trading at $26.54 by 10:08 a.m., reflecting a rise from its prior reference level and signaling strong interest during its opening phase.

A Bloomberg image captured shortly after the market opened showed 980,655 XRPC shares traded, highlighting the extent of inflows during the debut. Historical data for November 13, 2025, listed a last price of $26.540001 with corresponding turnover consistent with the initial surge. No updated price entries appeared for the following day, indicating that the display was taken before further figures were compiled for the next session.

The ETF tracks the XRP Ledger, a network designed for low-cost, cross-border value transfers. The early surge in demand suggested that investors were closely monitoring the listing and responded once the product became available. Traders had initially projected roughly $17 million in opening-day activity earlier in the week, but actual volume surpassed those expectations within minutes.

Futures Activity Built Ahead of Public Confirmation

Market data reviewed by analysts indicated that futures positioning had already shifted before the ETF’s registration became public. According to CryptoQuant’s Woominkyu, whale-sized futures orders increased during the lead-up, forming while XRP’s spot price remained compressed. Retail activity appeared only after the listing was confirmed, mirroring a pattern often observed during major asset-specific announcements.

Steven McClurg, who leads the issuer’s fund division, said the firm was prepared to move once regulatory conditions aligned. He noted that the internal process had been finalized ahead of the opening bell.

In addition tothis sentiment, Blockchain data showed that more than 21,000 new XRP wallets were created within 48 hours surrounding the ETF’s debut, marking the fastest expansion in eight months. At the same time, addresses holding between 1 million and 10 million XRP released roughly 90 million tokens into the market ahead of the launch window. The movement increased the circulating supply during a period of rising retail participation tied to the ETF’s arrival.