@zion08
Canary Capital’s newly launched U.S. spot XRP ETF (XRPC) registered $58.6 million in first-day volume, far exceeding analyst expectations of $17 million. Yet the strong debut failed to stabilize XRP, as derivatives markets flashed stress signals. Roughly $28 million in XRP liquidations hit within 24 hours, with long positions accounting for nearly $25 million of the wipeout.
Market analysts warn that institutional flows remain conflicted—ETF inflows show interest, but broader risk-off pressure continues suppressing crypto liquidity and momentum.
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