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Canary Capital's XRP (CRYPTO: XRP) ETF has surprised analysts’s expectations by outperforming a recent Solana (CRYPTO: SOL) ETF launch in trading volume, signaling persistent interest for the altcoin.
| Cryptocurrency | Ticker | Price | Market Cap | 7-Day Trend |
| XRP | (CRYPTO: XRP) | $2.42 | $146.02 billion | +8.7% |
| Bitcoin | (CRYPTO: BTC) | $100,893.47 | $2.01 trillion | -0.6% |
| Ethereum | (CRYPTO: ETH) | $3,375.81 | $407.3 billion | +2.4% |
Trader Notes: DonAlt noted he's taking a position in XRP with a tight stop, testing whether the market still has momentum.
Another trader Mikybull Crypto expects one final explosive rally before a cycle top.
Statistics: Canary Capital XRP ETF (XRPC) generated $26 million in trading volume within its first 30 minutes, far surpassing the $17 million estimate by analysts.
At current rates, it could beat the $57 million first-day volume of Bitwise’s Solana Staking ETF as biggest ETF launch of the year — a record for an ETF other than Bitcoin or Ethereum.
XRPC offers exposure to the native token of the XRP Ledger, designed to track network performance across payments and liquidity protocols.
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