Canary’s Capital’s newly launched XRP exchange-traded fund (ETF) has surged to the top of 2025’s ETF debuts, posting the highest day-one trading volume among more than 900 launches this year. While the ETF saw strong performance, XRP itself continues to face market headwinds, with the price dropping over 5% in the past day. Canary Capital’s XRP ETF Outperforms All New ETFs in 2025 Canary Capital had been preparing for this debut since filing its initial S-1 registration statement with the US Securities and Exchange Commission (SEC) over a year ago. BeInCrypto reported that the asset manager removed the delaying amendment from its filing in late October
source: https://beincrypto.com/xrp-etf-launches-with-record-volume/