On November 13, 2025, against the backdrop of a sudden drop in expectations for Fed interest rate cuts leading to a widespread fall in the Crypto Assets market, the Canary XRP Spot ETF (XRPC) achieved a counter-trend net inflow of $245 million on its first day, with a volume of $59 million, surpassing BSOL to become the most successful ETF launch of the year. Although the XRP price fell 2.69% to $2.323 on that day, strong demand from institutional investors injected rare confidence into the asset, shifting market focus to the upcoming launches of the Franklin Templeton and Bitwise XRP Spot ETFs next week.