Core Insights - The first U.S. spot XRP ETF, XRPC, launched with impressive initial trading volume of $26 million within the first 30 minutes [1][2] - The launch follows significant anticipation, with Nasdaq certifying the listing and the SEC allowing the product to become effective during a government shutdown [2] - XRP had been trending upward prior to the launch, indicating strong market positioning for the ETF [3] Trading Performance - XRPC's early trading performance positions it between the historic launches of Bitcoin and Ether ETFs and the more modest altcoin ETF performances [4] - Bitcoin ETFs launched in January 2024 achieved a record $4.6 billion in first-day volume, marking a significant moment for crypto adoption [5] - Ether ETFs, which debuted in July 2024, also saw substantial activity, with eight products generating nearly $600 million in volume during their first trading day [6] Comparison with Altcoin ETFs - Altcoin ETFs have generally seen lower opening-day volumes, with the Bitwise Solana Staking ETF (BSOL) leading at $56 million in October 2025 [7] - XRPC's opening-hour volume places it among the top-performing altcoin ETFs, with potential to become the largest debut in this category if momentum continues [8]

Core Viewpoint - XRP is experiencing a rally due to the anticipation of the first U.S. spot XRP exchange-traded fund (ETF) launch, despite broader market weakness [1] Group 1: ETF Launch Details - Nasdaq has certified the listing of Canary Capital's XRP ETF (ticker: XRPC), with trading expected to begin as early as Thursday, pending final SEC effectiveness [1][2] - Nasdaq formally notified the SEC of receiving Canary's Form 8-A filing, which triggers "automatic effectiveness" during the government shutdown [2] - If trading commences as anticipated, XRPC will be the sixth single-asset spot crypto ETF in the U.S., joining Bitcoin (BTC), Ether (ETH), Solana (SOL), Litecoin (LTC), and Hedera (HBAR) [3] Group 2: Market Sentiment and Analyst Insights - Analysts caution that the Nasdaq letter is procedural and does not confirm the ETF's effectiveness, indicating it is merely an approval of the listing [4] - The Crypto Fear & Greed Index has dropped to 15, indicating Extreme Fear in the market, suggesting increased trader nervousness amid rising volatility and thinning liquidity [4] Group 3: Whale Activity and Market Dynamics - Before the ETF announcement, large players (whales) were accumulating XRP, as indicated by a rise in whale-sized orders in the futures market [5] - The market dynamic shifted significantly after the ETF news, with retail-sized orders appearing only post-announcement [5][6] - The pattern of whales accumulating first and retail investors following is common in the crypto market and often signals a shift in market conditions [6]

Fidelity’s Solana ETF (FSOL), Canary’s HBAR ETF (HBR), and Canary’s XRP ETF (XRPC) have been listed on the DTCC website. Listing on the DTCC website is part of the “standard process” in preparing to launch new ETFs, and does not indicate that the ETFs have received any regulatory approval or completed other approval procedures.https://t.co/BYODrjw4MC ...