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

*Author: William M. Peaster*
*Published: Nov 14, 2025*
*Source: https://www.bankless.com/read/news/new-xrp-etf-surges*

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Yesterday, Nov. 13th, Canary Capital’s new XRP ETF logged [a $58M debut](https://decrypt.co/348641/xrp-etf-years-strongest-debut-58-million-first-day-trading), making it the biggest ETF launch yet in 2025. Meanwhile, Bitcoin and Ethereum funds saw over [$1B in combined outflows](https://decrypt.co/348651/bitcoin-ethereum-etfs-shed-1-billion-assets-xrp-fund-soars) 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.