PANews reported on November 13th that, according to Bloomberg terminal data, the Canary XRP ETF (XRPC) listed on November 13, 2025, with a trading volume of $26.03 million in the first 30 minutes, far exceeding industry expectations. Bloomberg analyst Eric Balchunas predicts that its first-day trading volume may surpass the $57 million record set by $BSOL this year, becoming one of the most actively traded ETFs on its first day of trading in 2025.

Matt Hougan commented, "The success or failure of an ETF does not depend on the widespread acceptance of the asset, but on whether it has staunch supporters. ETFs die from indifference, not controversy."