America’s first spot XRP ETF received $243 million in net inflows after its debut on the Nasdaq exchange. Despite the recent market collapse in the crypto industry, the ETF posted a record first-day trading volume of $58 million.
The U.S. spot XRP exchange-traded fund had first-day trading volume of $58 million and net inflows of $245 million. This activity secured the ETF’s top position among the more than 900 ETFs launched in 2025. The Canary Capital ETF received the regulatory green light on November 12th and was listed on the Nasdaq Exchange for trading activities.
XRP ETF receives $243 million inflows on first day of trading
data The XRP ETF, which trades under the ticker symbol XRPC, recorded no inflows on November 13, but now manages more than $248 million in net assets, according to information from ETF tracking website SoSoValue.
Bloomberg ETF analyst Eric Balchunas originally said: projected The ETF required $17 million, which the fund cleared within an hour of trading. XRPC’s performance has outperformed Bitwise’s Solana ETF, which previously held the record with $57 million in first-day volume.
The Solana ETF also ended the day with net inflows of $12.04 million. Bitwise’s Solana ETF BSOL saw all the inflows for the day, while Grayscale’s GSOL saw no inflows. The two Solana ETFs currently have $541.31 million in net assets under management and have had no negative flows since their inception on October 28th.
Spot Bitcoin and Ethereum exchange-traded funds (ETFs) have seen significant outflows amid growing market turmoil. Bitcoin ETF recorded Negative flows worth $492.11 million. This outflow was the third consecutive day of negative outflow from November 12th to 13th. The ETF’s three-day outflows totaled more than $1.6 billion.
Investors withdrew the most money from BlackRock’s iShares Bitcoin Trust (IBIT) compared to other ETFs. IBIT outflows reached $463.1 million at the close of trading. The second largest outflow was Grayscale’s GBTC with $25.09 million, followed by Wisdom Tree with $6.03 million. Fidelity’s FBTC had the least negative flows, worth $2.06 million.
Grayscale’s NYSE-listed BTC was the only ETF to post positive flows, totaling $4.17 million at the close of trading. Ark&21Shares (ARKB), Bitwise (BITB), VanEck (HODL), Invesco (BTCO), Valkyrie (BRRR), Franklin (EZBC), and HashDex (DEFI) did not experience any flows on Friday, according to SoSoValue.
The Ethereum ETF also fell as investors withdrew $177 million. BlackRock’s ETHA recorded the largest outflow worth $173.27 million, while Grayscale’s ETHE followed closely with negative outflows worth $4.63 million.
Bitcoin falls below $100,000 due to cryptocurrency market meltdown
This outflow coincides with the recent decline in the prices of Bitcoin and Ethereum. Data from CoinMarketCap show Bitcoin fell below the $100,000 level for the first time since June. At the time of publication of this article, the crypto asset is trading at $98,082, down 5.79% over the past 7 days and down just 1% over the past 24 hours. Ethereum also fell below $3,360, the support it has held since August.
Despite the ETF’s performance, Solana and XRP are also falling. XRP is currently trading at $2.27. The cryptocurrency has fallen by 1.45% in the past 24 hours, giving it a 7-day decline of 1.70%. Solana is trading at $142.43, down 11.29% over the past 7 days.
news Following Ripple CEO Brad Garlinghouse’s announcement of major investment reforms within the company. company. The CEO said Ripple has secured a $500 million strategic investment from Fortress Investment Group and Citadel Securities at a valuation of $40 billion. He said that this investment not only reveals Ripple’s growth strategy but also provides a glimpse into the future of the cryptocurrency industry.
