According to Santiment data, Ripple's XRP has been trending on social media, with the analytics platform highlighting that the primary reason is the recent launch of exchange-traded funds (ETFs) tied to the asset. While the broader cryptocurrency market experienced a correction, with Bitcoin hitting a seven-month low, XRP's price remained relatively stable around $2.15, though it saw a 10% weekly decline.
The crowd's focus shifted to ETF developments, particularly the spot XRP ETF launched by Canary Capital, which became the first such financial vehicle with 100% exposure to XRP to debut in U.S. markets. This was followed by Amplify's XRP option income ETF, sparking debates on whether these products aid adoption or serve as speculative tools. Additional discussions covered XRP's potential use in pension funds and as a settlement mechanism.
On the ETF front, Canary Capital's XRPC cleared regulatory hurdles after Nasdaq published the official listing notice on November 12, with trading commencing on November 13. The fund broke 2025 records for trading volume, surpassing even Bitwise's SOL debut. Data from SoSoValue revealed that as of November 18, the product attracted $277.82 million in total inflows, though net inflows slowed after an impressive start: $243.05 million on day one, $25.41 million on November 17, and likely lower figures for November 18.
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