XRP ETF Crushes Solana – First Day Madness! 🎉🚀

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It seems Canary Capital’s XRP Exchange Traded Fund, known as XRPC – a name that sounds like a villain from a soap opera – has started its journey with all the subtlety of a fireworks display. Just yesterday, it opened its eyes and began trading, already making waves that ripple across the industry like a careless fisherman’s hat in a gust. 🧢💨

Eric Balchunas, a senior ETF analyst at Bloomberg-who probably spends his days deciphering the inscrutable language of financial charts-note that XRPC has managed to surpass every other ETF’s debut this year, amassing a staggering $58 million on its first outing. Not bad for something that’s only a day old. It has easily outperformed that trendy Solana ETF, which, frankly, looked promising until this little ripple came along.

The Glittering XRP Spectacle

According to Balchunas, out of over 900 ETFs launched this year-yes, nine hundred-the XRP ETF has taken the cake, and left crumbs for the rest. It’s like the new kid in school who suddenly becomes the most popular kid, albeit with less pom-poms and more blockchain chatter. After submitting a mountain of paperwork and waiting more than a year, it now finally hits the market, offering American investors something they’ve been dreaming about: a direct line to Ripple’s digital gold. And they didn’t even need to hold XRP in their shaky wallets – just a pretty ETF does the trick, with all the risks and none of the inconvenience. 🥂

Cheers to $XRPC for raking in $58m on Day One-almost beating out its older sibling, $BSOL, which only managed $57m. Apparently, these ETFs are in their own exclusive league-third place is more like a polite nod, a few million away. 😂

– Eric Balchunas (@EricBalchunas) November 13, 2025

Now, investors can comfortably sit back and pretend they’re not directly holding XRP-because who wants the trouble of a crypto wallet when you can just buy a share in the digital mess? Anyway, XRPC’s open window to the crypto cosmos boasts a price of $2.26, 8.9% volatility in the past 24 hours, and a market cap that makes most of us feel poor – a whopping $136.01 billion. The universe clearly loves a good financial spectacle.

The day’s drama was further enriched by the fact that XRPC outshone Bitwise Solana Staking ETF (BSOL), which just started its own ride a little while ago. Meanwhile, the industry eagerly anticipates more XRP ETFs-because nothing says stability like a digital fleur-de-lis of chaos on the horizon. They’ve even spotted five of these glittering tokens on the Depository Trust and Clearing Corporation, which makes you wonder if we’re heading toward ETF madness or just a very elaborate show.

Canary Capital’s Big Plans (and Biden’s Waiting Game)

But the fun doesn’t stop here. Canary Capital, that tireless explorer of crypto frontiers, is also eyeing other treasures-namely the HBAR ETF, which has the audacity to ask for 1.95% management fee. Someone at Canary must believe these funds are worth their weight in digital gold, or perhaps just a few more minutes in the spotlight amidst SEC’s endless decision-making process. 🚦

Earlier this year, they even filed to create a whole new breed of American-made crypto ETFs – proof that if at first you don’t succeed, file again and hope the regulators are too busy to notice. Or maybe they’re just waiting for the right moment to unleash the next digital tsunami.

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2025-11-14 15:47