Strong ETF Debuts, Weak Market Reaction Bitwise’s Solana Staking ETF (BSOL) saw $56 million in first-day activity, while Canary Capital’s spot XRP ETF (XRPC) hit $58 million, marking the two busiest ETF launches of 2025. But despite the impressive launch-day numbers, both SOL and XRP slid shortly afterward. SOL, which traded near $205 just before its ETF went live, dropped to $165 within a week — and now trades closer to $140. XRP slipped roughly 7% within two days of its own debut, falling...