XRP ETF Volume Drops To $26M On Day 2

Canary Capital’s spot XRP ETF (ticker: XRPC) saw its second trading day conclude with $26 million in volume, a decrease from earlier projections but still reflecting solid investor interest following a strong launch. The fund, which holds physical XRP and tracks the CF XRP-USD Index, initially saw a surge of 400,762 shares traded within the first hour, suggesting a potential $63.9 million in volume for the full day.

This momentum follows a record-breaking debut for XRPC on Nasdaq, which saw $58 million in first-day volume and $250 million in inflows. Despite the strong debut, XRP’s price fell 7.3% to $2.22 amid a wider market pullback.

The ongoing excitement surrounding XRPC has coincided with other developments, including rumors of a potential XRP ETF launch from Franklin Templeton. Additionally, XRP supply on exchanges has sharply decreased, with 149 million XRP (approximately $336 million) withdrawn in 24 hours, indicating potential accumulation.

CME Group has also filed to list Spot-Quoted XRP and Spot-Quoted SOL Futures, with certification expected on November 25, 2025, potentially opening doors to regulated futures markets. Ripple CTO David Schwartz highlighted XRP’s features, noting it operates without taxes and facilitates asset issuance, trading, NFTs, and payments, distinguishing it from Bitcoin with enhanced functionality and efficiency. The ETF’s success, and institutional adoption, would signify a regulatory victory for Ripple and XRP’s readiness for broader settlement use within the US.

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.