TLDR
- Ripple CEO Brad Garlinghouse celebrates the successful launch of the Canary XRP ETF on Nasdaq.
- The Canary XRP ETF recorded $26 million in trading volume in its first 30 minutes.
- The ETF’s first-day volume reached $58 million, setting a new record for the highest-volume ETF launch this year.
- Ripple CEO Brad Garlinghouse had long predicted the arrival of an XRP-based ETF despite legal challenges.
- The Canary XRP ETF saw a net inflow of $245 million on its debut, signaling strong market demand for XRP-based products.
Ripple CEO Brad Garlinghouse has expressed his excitement for the launch of the first-ever spot XRP ETF. The Canary XRP ETF (XRPC) began trading on Nasdaq yesterday, achieving an impressive $26 million in volume within 30 minutes of its debut. The launch marks a key milestone for XRP-based investment products, a long-awaited development according to Garlinghouse.
XRP ETF Launch Exceeds Expectations
The Canary XRP ETF saw trading volume surpass expectations right out of the gate. Within 30 minutes of its debut, the ETF exceeded analyst Eric Balchunas’ $17 million estimate, reaching $26 million. By the end of the first day, the ETF’s volume grew to $58 million, setting a record for the highest-volume ETF launch this year. The ETF narrowly edged out the Bitwise Solana Staking ETF (BSOL), which recorded $57 million in volume on its first day.
Ripple CEO Brad Garlinghouse expressed his joy over the milestone, writing on X, “It is finally happening.” Garlinghouse had long maintained that an XRP-based ETF would eventually come to market, despite the legal challenges surrounding the token. He noted that the launch reflects strong market demand for XRP-based investment products, from both institutional and retail investors.
It's (finally!) happening https://t.co/APkSQJn3aC
— Brad Garlinghouse (@bgarlinghouse) November 13, 2025
The debut of the Canary XRP ETF shows that institutional interest in XRP is growing. This aligns with Ripple CEO Brad Garlinghouse’s long-standing prediction that such a product would eventually become a reality. Garlinghouse’s optimism about an XRP ETF remained unwavering, even through the legal battle between Ripple and the SEC. His comments underscore the growing confidence in XRP as a valuable investment asset.
Ripple CEO Celebrates Historic XRP ETF Debut
By the end of the trading session, the Canary XRP ETF achieved an astounding net inflow of $245 million. This performance solidified its place among the year’s most successful ETF launches. Balchunas highlighted that the XRPC’s debut volume surpassed that of over 900 other ETF launches this year. Despite the ETF’s initial success, the focus now shifts to its continued performance in the market.
Ripple CEO Brad Garlinghouse’s excitement continues to echo as the Canary XRP ETF has made history in the market. His remarks on X emphasize that the product’s strong early trading volume reflects real demand. With the first day’s success, Garlinghouse’s expectations for XRP-based financial products appear to be coming true.
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