0
0
News

New XRP ETF Surges as BTC and ETH Funds See $1B Exodus

Canary Capital's XRPC fund arrived to a trading frenzy as other major crypto ETFs dipped.
0
0
Nov 14, 2025 • 1 min read

Yesterday, Nov. 13th, Canary Capital’s new XRP ETF logged a $58M debut, making it the biggest ETF launch yet in 2025. Meanwhile, Bitcoin and Ethereum funds saw over $1B in combined outflows on the day amid market turbulence.

What's the scoop?

  • Big Entrance: Canary's XRPC fund edged out Bitwise’s Solana ETF, which opened to $57M trading volume in October, for the top 2025 ETF launch so far.
  • BTC & ETH Outflows: On the same day that XRPC launched, Bitcoin and Ethereum ETFs lost +$1.1 billion combined. The iShares Bitcoin Trust (IBIT) alone saw more than $250M in redemptions as Bitcoin fell below $99,000 for the first time in months.
  • Shifting Liquidity: With BTC and ETH products increasingly viewed as mature holdings, some traders may be moving to new high-beta exposure through altcoin ETFs like XRPC and BSOL (Bitwise Solana).

Bankless take:

Investors seem eager for fresh, compliant ways to chase returns beyond just BTC and ETH. Thus as more crypto ETFs come online, we could be in store for a rotation era in which attention and liquidity flow to whatever's next in the ETF pipeline.

Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here.

Published in Bankless

There’s a revolution in the world of money. Ethereum, Bitcoin, crypto, open finance, DeFi—a bankless revolution. And you want part of it.