A newly launched altcoin-focused ETF surpassed $58 million in first-day volume, marking the strongest ETF debut of 2025.
The ETF quickly drew significant interest from U.S. investors seeking regulated exposure to alternative digital assets. Launched by Canary Capital, the product recorded $58 million in trading volume on its first day, outperforming every ETF introduced so far this year and signaling growing institutional appetite for diversified crypto strategies.
According to data shared by Bloomberg analyst Eric Balchunas, the ETF narrowly overtook another recently launched digital-asset product, which posted $57 million on its first day. With the third-ranked ETF trailing by more than $20 million, investor attention appears to be concentrating on these two alternative-asset themes.
The strong debut underscores a broader trend of institutions expanding beyond the largest market-cap assets and exploring regulated access to other digital-asset categories. While price action for the underlying asset remains muted, the high opening-day volume highlights rising demand for structured, compliant pathways into altcoin exposure.
