Why xrpc 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.

Canary Capital has launched the first XRP spot ETF, XRPC, providing simplified access to XRP, a foundational blockchain asset. The ETF began trading on November 13, 2022, under the ticker symbol XRPC on the Nasdaq stock exchange. This launch marks a significant milestone for XRP investors, as it offers an easier way to gain exposure to the digital asset.