XRPC, the XRP spot ETF managed by Canary Capital, will begin trading on the 13th (local time).
Just a few hours later, trading volume reached over $46 million. However, the price of both XRP and the ETF fell, making for a start that was different from market expectations.
Eric Balchunas, senior ETF analyst at Bloomberg
"XRPC recorded $26 million in trading volume within 30 minutes of listing," said James Seifert of the company.
mes Seyffart also said, "With two and a half hours left until the close of trading, trading volume exceeded $46 million. This is an outstanding level among ETFs listed in 2025, and Bitwise's
"This ETF has attracted a lot of analyst interest from 2024, and the regulatory environment after the US presidential election is expected to be more crypto-friendly," he said.
The shift in direction has led to a surge in expectations for the approval of XRP-based investment products. ETFs are generally considered to be a "gateway for funds" that attracts traditional financial capital into the cryptocurrency market, and the underlying asset price is
However, immediately after its listing, XRPC fell along with the price of XRP, causing disappointment in some parts of the market.
XRP has fallen about 2.7% in the past 24 hours, dropping from about $2.50 to $2.28. It is currently trading below its 365-day moving average.
The ETF XRPC is also trading at just above Yahoo!
According to data from Finance, the stock fell from an intraday high of around $27 to around $24.50, trading at around $8.
On the other hand, market analysts said in January that if an XRP ETF is approved in the US, XRP could exceed $10.
JPMorgan also predicts that an XRP ETF could attract inflows of up to $8 billion.
The latest outlook is based on the end of the US government shutdown and the launch of ETFs.
With the favorable winds, XRP could aim for the $5 range by the end of 2025.
2025/11/14 11:35 KST
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