Part 4/12:
Market Reaction: The first spot XRP ETF launched on November 13th, the day after the shutdown ended, via Canary Capital. It amassed $58 million in trading volume and $250 million in inflows, making it the most successful ETF launch so far in 2025. Subsequent ETFs from Bitwise, Franklin Templeton, and Grayscale added to the momentum, collectively drawing over $164 million in initial inflows.
Price Response: Despite the strong inflows, XRP's price did not immediately surge—in fact, it dropped about 23% in the week following the initial ETF launch, mirroring broader market declines. Nevertheless, the high institutional interest signals pent-up demand that could drive a rebound when market conditions improve.