XRP ETF Sets New 2025 Launch Record With $58M Debut

Core Insights - Canary Capital's XRPC, the first-ever U.S. spot XRP ETF, had a successful launch with a trading volume of $58 million, marking the largest ETF debut of the year [1] Group 1: ETF Market - The launch of XRPC represents a significant milestone in the ETF market, particularly for cryptocurrency-focused funds [1] - The $58 million trading volume indicates strong investor interest and sets a high benchmark for future ETF launches [1] Group 2: Cryptocurrency Market - Bitcoin's price has fallen below $96,000, reflecting ongoing volatility in the cryptocurrency market [1] - The performance of American Bitcoin, linked to the Trump family, reported third-quarter profits, indicating some resilience in the sector despite Bitcoin's price drop [1]