The XRP Spot ETF has over $1 billion in assets under management, making XRP the fastest cryptocurrency spot ETF in the U.S. to reach the milestone since Ethereum. Canary, Grayscale, Bitwise, and Franklin are driving most of the activity, with steady demand from institutional desks.
The ETF inflows indicate strong interest from long-term buyers looking to add XRP to their regulated portfolios. This new pool of capital is growing, even though spot market sentiment remains mixed.
Garlinghouse says demand is just beginning.
Ripple CEO Brad Garlinghouse said the pace of growth is indicative of a larger shift. He said the launch of more than 40 crypto ETFs in the US this year shows how much pent-up demand exists for regulated crypto exposure.
He added that Vanguard’s decision to open its retirement and trading accounts to crypto ETFs means millions of Americans will be able to access digital assets without requiring deep technical knowledge.
Garlinghouse said longevity, stability and community are key themes for a new wave of “off-chain” crypto holders who prefer simple investment products rather than direct control of their tokens. XRP’s track record has helped it stand out among recently launched ETFs.
“There is pent-up demand for regulated crypto products, and with Vanguard opening up access to traditional retirement and trading accounts to Americans, millions more people can now access cryptocurrencies without having to be technology experts,” he said on social media.
Supply tightens as investors flock
Institutional interest is also influencing supply. As ETF issuers continue to purchase XRP to meet inflow demand, exchange supply is gradually tightening. The token has held near the $2 level for several sessions, with analysts saying that continued buying pressure could set the stage for a supply shock.
