Key Takeaways
- US spot XRP ETFs are approaching $1 billion in assets under management, recording the fastest growth since Ether ETFs.
- Institutional demand is driving inflows, with major funds like Canary Capital, Grayscale, Bitwise, and Franklin Templeton contributing most.
US spot XRP exchange-traded funds are on track to surpass $1 billion in assets under management, making XRP the fastest crypto spot ETF to reach that threshold since Ether.
The ETFs, which launched in mid-November, have recorded a 15-day inflow streak and accumulated $897.4 million in net inflows, according to SoSo data.
Funds from Canary Capital, Grayscale, Bitwise, and Franklin Templeton accounted for the majority of the demand. Canary Capital launched XRPC on November 13, followed by Franklin Templeton’s XRPZ on November 14.
Ripple CEO Brad Garlinghouse said XRP reached the $1 billion milestone in under four weeks, highlighting growing demand for regulated crypto investment products. He pointed to expanding access through traditional brokerage and retirement accounts as a key driver, as well as rising interest from investors gaining exposure without interacting directly with the blockchain.
XRP ETFs are among more than 40 crypto exchange-traded funds launched in the US this year, underscoring accelerating institutional adoption through off-chain investment vehicles.
Source: https://cryptobriefing.com/xrp-spot-etf-institutional-demand/
