XRPC Volume Slips to $26M After Strong Day 1 Surge

Ripple CTO David “JoelKatz” Schwartz explained that XRP has no taxes. Users can issue assets, trade, create NFTs, and make payments, with only small transaction fees as an anti-spam measure. The ledger is a public good, not owned or controlled by XRP holders. Holding XRP gives you XRP. Schwartz compared it to Bitcoin, but with extra features like stablecoins, a DEX, and NFTs, all running efficiently without Bitcoin’s high energy costs.

XRP does not need the Clarity Act to move forward, because it is already the only fully regulated digital asset in the United States. This gives it a major edge in a market where most cryptocurrencies are still waiting for clearer rules.If institutions begin using XRP after the ETF-driven price surge, it would confirm that Ripple’s win against the SEC was not just symbolic but a real regulatory victory. This would also signal that XRP is the first asset ready for large scale settlement and payment use in the US. With regulatory clarity, strong infrastructure, and growing institutional interest, XRP now stands ahead of every other asset in the race for official adoption as a settlement mechanism.

Canary Capital’s spot XRP ETF (ticker: XRPC) closed its second trading day with $26 million in volume, showing continued investor interest after a strong launch.

While lower than early intraday projections, the performance still reflects solid demand and sustained attention around newly listed XRP products in the U.S. market.

The first hour of day two has delivered a huge surprise for Canary’s XRPC ETF, with 400,762 shares traded right out of the gate. Based on the early pace, the full-day projection hits 2,604,953 shares and $63.9 million in volume, putting it on track to outperform its already-strong debut day.

And it begins. The Canary XRP ETF is already showing steady momentum on day two, opening with 124,434 shares in trading volume.

The early strength suggests continued interest following its record-breaking debut, as investors watch closely to see how demand builds through the week.

Amid the ETF buzz, CME has officially filed to list Spot-Quoted XRP Futures and Spot-Quoted SOL Futures, with certification expected on November 25, 2025. This step opens the door for regulated, cash-settled XRP and SOL futures on one of the world’s biggest derivatives markets.

Amid the excitement around this week’s XRP ETF rollout, new unverified rumours are spreading that Franklin Templeton, one of the biggest names in global asset management, may launch its own XRP ETF as early as tomorrow. Nothing has been confirmed, but the speculation is already adding fuel to the growing momentum around XRP, especially as exchange supply drops and accumulation rises.

XRP supply on exchanges has dropped sharply, with 149 million XRP — about $336 million — withdrawn in just 24 hours. Analysts say this looks like major accumulation ahead of new XRP ETF launches, not normal retail activity. With less XRP available on exchanges, liquidity tightens and the price becomes more sensitive to buy pressure, hinting that the quiet accumulation phase may be coming to an end.

Canary Capital’s spot XRP ETF, XRPC, launched on Nasdaq with a strong $58M first-day volume and $250M in inflows. The fund holds physical XRP and tracks the CF XRP-USD Index. Even with the big debut, XRP fell 7.3% to $2.22 during a wider market pullback.