Why canary Is Trending Today?

Bitcoin and Ethereum ETFs experienced outflows, while Solana and XRPC saw gains. On the second day of its launch, the XRP ETF, XRPC, witnessed a decline in trading volume to $26 million after a strong initial surge. The XRP ETF, managed by Canary, successfully went live, marking a significant milestone for the cryptocurrency.

Canary Capital's XRPC, the first spot XRP ETF, launched on the Nasdaq, attracting $245 million in inflows and recording a record-breaking $58.5 million in trading volume on its first day. The ETF outperformed Bitcoin and Solana ETFs in its debut, signaling strong institutional demand for XRP. Despite a slight dip in XRP price due to 'sell the news' sentiment, analysts highlight XRP's potential to take over ETF markets.