Important points
- The U.S. Spot XRP ETF has nearly $1 billion in assets under management, marking the fastest growth since the Ether ETF.
- Demand from institutional investors is driving inflows, with large funds such as Canary Capital, Grayscale, Bitwise and Franklin Templeton contributing the most.
The U.S. spot XRP exchange-traded fund is on pace to surpass $1 billion in assets under management, making XRP the fastest cryptocurrency spot ETF since Ether to reach that threshold.
The ETF, which was launched in mid-November, recorded 15 consecutive days of inflows, totaling $897.4 million in net inflows, according to Soso data.
Funding from Canary Capital, Grayscale, Bitwise, and Franklin Templeton accounted for much of the demand. Canary Capital launched XRPC on November 13th, followed by Franklin Templeton’s XRPZ on November 14th.
Ripple CEO Brad Garlinghouse said XRP reached the $1 billion milestone within four weeks, highlighting the growing demand for regulated crypto investment products. He pointed to growing interest from investors who are gaining exposure to blockchain without directly interacting with it, as well as increased access through traditional brokerage and retirement accounts as key factors.
The XRP ETF is one of more than 40 crypto exchange-traded funds launched in the US this year, highlighting accelerating adoption by institutional investors through off-chain investment vehicles.
