According to ChainCatcher, citing The Block, Eric Balchunas, senior ETF analyst at Bloomberg, said that Canary Capital's XRP ETF (ticker symbol XRPC) began trading on Thursday morning, with a first-day trading volume of $58 million, setting a new record for the highest first-day trading volume for an ETF this year among nearly 900 newly listed ETFs.
Balchunas stated earlier on the X platform that XRPC saw $26 million in trading volume in its first hour. Previously, this record was held by Bitwise's Solana ETF (ticker symbol BSOL), which had approximately $57 million in trading volume on its first day, with volume surging to $72 million the following day. Balchunas commented on the launch of XRPC and BSOL this year, saying they are in a class of their own because the third-ranked fund's trading volume is more than $20 million behind.
