First U.S. Spot XRP ETF Launches With $250 Million Day-One Volume as Token Falls 3%

Canary Capital's spot XRP exchange-traded fund began trading Thursday, recording nearly $250 million in first-day volume and becoming the first U.S. product of its kind. XRP declined roughly 3 percent over the subsequent 24 hours amid broader market turbulence. Bitcoin ETFs saw $870 million in net outflows the same day as the digital asset sector entered a period of heightened risk aversion.