Canary Capital's XRP ETF saw a $58 million trading volume on its first day of trading, marking the strongest start to the year for any ETF.

Canary Capital's XRP ETF (ticker symbol XRPC) officially debuted on Wall Street on Thursday, with a first-day trading volume of $58 million. According to Bloomberg ETF analyst Eric Balchunas, this is the strongest first-day trading volume among nearly 900 newly launched ETFs this year, with $26 million traded in the first hour alone. The previous record was held by Bitwise's Solana ETF (BSOL), which traded approximately $57 million on its first day. Another XRP ETF (XRPR), launched by REX Shares in September, set a then-year high of $37.7 million. Balchunas pointed out that XRPC and BSOL's market performance is "far ahead," with the third-place ETF's first-day trading volume more than $20 million behind. Amid overall market pressure, the XRP price remained around $2.30 on Thursday. (The Block)