Canary XRP ETF’s Record Launch Brings $250M Inflows Via In-Kind Redemptions

The debut of the Canary Capital XRP exchange-traded fund (ETF) is signaling renewed demand for altcoins, after the fund posted the strongest first-day performance of the more than 900 ETFs launched in 2025.

Canary Capital’s XRP (XRP) ETF closed its first day with $58 million in trading volume, marking the most successful ETF debut of 2025 among both crypto and traditional ETFs, said Bloomberg ETF analyst Eric Balchunas in a Thursday X post. 

The new fund garnered over $250 million in inflows during its first trading day, surpassing the recent…