XRP ETFs See $778M AUM Surge, Outpace Solana ETF Debut Demand

TLDR

• XRP ETFs absorbed 80 million tokens in 24 hours during their initial launch.
• The total assets under management for XRP ETFs reached $778 million.
• Grayscale and Franklin Templeton led early inflows with $67.4 million and $62.6 million, respectively.
• XRP ETFs outperformed Solana’s ETF debut in terms of token demand and inflow speed.
• Canary’s XRPC leads among XRP ETFs with $331 million in net inflows.

XRP ETFs absorbed 80 million tokens in one day, lifting total AUM to $778 million. Grayscale and Franklin Templeton led the inflows on November 24. The surge has fueled speculation over a possible new bullish trend for XRP.

XRP ETFs See Rapid Growth in Token Inflows

Grayscale’s GXRP gathered $67.4 million during its debut trading session on November 24. Franklin Templeton’s XRPZ followed closely, securing $62.6 million in inflows on the same day. These early launches helped push XRP ETFs’ total assets beyond $628 million.

Currently, XRP ETFs have absorbed over 80 million tokens in just 24 hours of launch. This absorption rate has outperformed Solana’s recent ETF debut by a wide margin. Bitcoin ETFs, in contrast, experienced minor outflows during the same timeframe.

Canary’s XRPC leads all XRP ETFs with $331 million in total net inflows to date. Bitwise’s XRP ETF ranks second, attracting $168 million in cumulative inflows. The current total AUM across all live XRP ETFs now stands at $778 million.

Solana ETFs Trail Behind in Initial Demand

Solana’s ETF debut trailed XRP in daily inflows and early demand from institutional buyers. XRP ETFs recorded a faster accumulation of tokens in their first 24 hours. Solana’s inflows remained below the 80 million token mark during its launch.

The strong debut by XRP ETFs has created bullish sentiment in the short term. Chad Steingraber commented, “Each share is 10 to 20 XRP… a bump for the share price.” He added that continued demand might drive the ETF into a market-moving role.

Traders have taken notice of the rapid ETF growth, which directly affects XRP’s circulating supply. Sustained inflows are needed to maintain upward pressure on price. However, markets remain watchful for any drop in buying momentum.

Technical Indicators Suggest Mixed Momentum for XRP

On the four-hour chart, XRP is forming a bullish flag near the $2.20 resistance level. The price recovered 5% from its recent $1.90 low to test the $2.20 level. Immediate resistance has emerged at that price.

If buyers push higher, XRP could target the $2.35 to $2.45 fair value gap. Liquidity exists at $2.30 and $2.35, attracting potential breakout attempts. Failure to hold $2.20 may lead to a pullback.

The $2.10–$2.00 region holds concentrated buy-side liquidity in case of a downward move. Traders are monitoring that zone for signs of accumulation. A dip below this zone may invalidate the current bullish structure.

XRP remains below its 50, 100, and 200 EMA on the four-hour chart. However, the RSI continues to trade above the 50 level. This suggests short-term demand remains strong despite broader downtrend signals.

21Shares plans to launch its XRP ETF, TOXR, on November 29. The ETF will list on Cboe BZX with a 0.50% fee. It has filed S-1 and Form 8-A approvals and seeks $500,000 in seed capital.

The addition of TOXR will increase the number of active XRP ETFs to five. This may continue to fuel token demand. Market participants are preparing for higher short-term volatility.

As of press time, XRP trades at $2.19 with $2.20 acting as immediate resistance. Traders remain divided on whether the rally can continue. All eyes are now on TOXR’s launch and its early performance.

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