Canary Capital’s new spot XRP ETF (ticker XRPC) made a truly stunning debut, racking up $26 million in trading volume within just 30 minutes. Its first-day total soared to around $58 million, making it one of the biggest ETF launches of 2025.
According to software engineer Vincent Van Code, many people wrongly assume the ETF is designed just for retail traders. He argues the opposite: this product is tailored for institutions — hedge funds, family offices, and retirement accounts — that need a regulated way to hold XRP without the headaches of custody or self‑custody.
Institutional Focus Over Retail
Van Code explains that large funds face major barriers when buying and holding crypto directly. Custody, auditing, and compliance make traditional exchanges or cold wallets difficult for them. The XRPC ETF solves that. It gives these institutions instant, compliant exposure to XRP, via a familiar investment vehicle — not a risky crypto account.
Funny thing, people think the XRP ETF is targeting retail, think again.
Massive funds, retirements, family offices, hedge funds, you name it, are separate to invest in XRP, but due to complexities in audit and compliance, they can't just buy and hold on crypto exchanges, and… https://t.co/BicGmoZkjj
— Vincent Van Code (@vincent_vancode) November 13, 2025
The early numbers speak for themselves. Bloomberg analyst Eric Balchunas initially estimated $17 million for the first day. Instead, the ETF delivered $26 million in just 30 minutes. By the close, it had nearly $58 million in volume, just edging past BSOL’s $57 million.
What the Structure Offers
XRPC holds actual XRP tokens in custody with trusted platforms (Gemini and BitGo). Unlike some funds, it’s not a synthetic exposure ETF. The structure lets investors bypass private key management and wallet risk. It also qualifies for standard brokerage accounts as well as tax-advantaged accounts like IRAs.
Van Code suggests the real story here isn’t just hype. Institutional analysts likely spent days or weeks evaluating XRPC, weighing market conditions, asset fundamentals, and compliance logistics.
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Now, many are poised to move quickly before arbitrage bots fully adjust. That could drive a rapid build-up of demand — not just in the ETF, but in XRP itself.
Broader Market Impact
This ETF launch could shift how capital flows into crypto. By enabling large, regulated players to gain XRP exposure, the market could see deeper liquidity and more stability. It also strengthens XRP’s narrative as a serious institutional asset — not just a speculative token.
In short, XRPC’s breakout debut is more than a headline: it’s a gateway for big money. As Van Code points out, this ETF isn’t a play for retail traders. Its design, demand, and structure signal a clear bid from institutional powerhouses. If that continues, the effects on both the ETF and XRP could be profound.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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