Canary Capital's spot XRP ETF reached a first-day trading volume of $58 million, marking the strongest ETF debut of the year.

ChainCatcher reported that the spot XRP ETF (ticker XRPC) launched by Canary Capital was officially listed on Wall Street on Thursday, with a first-day trading volume reaching $58 million. According to Bloomberg ETF analyst Eric Balchunas, this marks the strongest first-day trading volume among nearly 900 newly issued ETFs this year, with $26 million traded in just the first hour.

The previous record was held by Bitwise's Solana ETF (BSOL), which saw about $57 million traded on its first day. Another XRP ETF (XRPR) launched by REX Shares in September previously set the annual high at $37.7 million. Balchunas pointed out that the market performance of XRPC and BSOL is "far ahead," with the third-place ETF's first-day trading volume trailing by more than $20 million. Against the backdrop of overall market pressure, the price of XRP remained around $2.3 on Thursday.