XRP ETF Launch LIVE Updates: $1 Million Traded in 30 Minutes, Bloomberg Analysts Split on $17M vs $34M

Canary Capital’s XRPC, the first U.S. spot XRP ETF, is showing impressive early momentum. In just the first 30 minutes of trading, the fund recorded over $916,000 in volume.

The first U.S. spot XRP ETF, launched by Canary Capital under the ticker XRPC, is off to a strong start.

Within just five minutes of opening on Robinhood, trading volume surpassed $500,000, following an initial $130,000 right at market open.

Canary Capital has launched XRPC, its Spot XRP ETF, offering investors exposure to the native XRP token. The fund aims to track the XRP Ledger’s performance across global payments and liquidity protocols.

Canary said XRPC is built for speed, efficiency, and scalability, backed by XRP’s real-world use in cross-border transfers. The firm called the XRP Ledger a leading framework for global payments with low-cost, near-instant transactions and rising enterprise adoption.

Read more: Breaking: Canary Capital’s Spot XRP ETF Goes Live on Robinhood

Bloomberg analyst James Seyffart expects strong demand for the newly launched Canary Capital Spot XRP ETF ($XRPC). In a post on X, Seyffart said he’s betting on “the over,” predicting around $34 million in day-one trading volume as the ETF begins trading today.

The first U.S. spot XRP ETF from Canary Capital goes live today, opening a new chapter for XRP investors. Bloomberg’s Eric Balchunas predicted $17 million in first-day trading volume, sparking community excitement.