Just one month after launch, U.S. spot XRP ETFs have surpassed $1 billion in cumulative net inflows.
With a $10.89 million daily inflow recorded on December 15, total XRP ETF net assets sit at $1.12 billion, which accounts for nearly 1% of the total XRP market cap, data on SoSoValue as of December 16 suggests.
The Canary Capital XRP ETF (XRPC) accounts for more than a third of the $1 billion figure, with $376.5 million in cumulative inflows since the November 13 debut. Coming in second is the Grayscale XRP ETF (GXRP), with $219.76 million.
Meanwhile, the Bitwise XRP ETF (XRP) and the Franklin Templeton XRP ETF (XRPZ) posted $212.58 million and $192.96 million in net inflows, respectively.
XRP ETF flows. Source: SoSoValueXRP ETFs set new standards for crypto exchange-traded funds
With weeks of consecutive inflows, XRP exchange-traded funds have become the second-fastest financial product of their kind to reach the $1 billion milestone, outpaced only by Bitcoin ETFs. The achievement is particularly notable given XRP’s relatively smaller market capitalization and the absence of leading management firms such as BlackRock among XRP ETF issuers.
Also worth noting is that XRP ETFs have quickly outpaced Solana (SOL) products, which were launched a couple of weeks prior. Indeed, despite a solid start and $100 million in assets under management amassed in just 12 days, Solana ETFs have seen only $711.28 million in cumulative net inflows since going live on October 28.
Canary Capital emerged as the standout performer immediately, recording the highest first-day trading volume of any ETF debut this year. Specifically, the fund attracted $59 million on launch day and closed its first session with roughly $250 million in assets under management.
The success marks a pivotal shift for investors. For years, regulatory uncertainty had prevented XRP from joining mainstream investment products, limiting access for institutional traders. The introduction of spot ETFs removed many of the barriers, encouraging broader participation via regulated channels.
Considering the demand is growing despite the still-small fund lineup, XRP exchange-traded funds could soon attract new issuers. Even if the daily inflows continue at the current pace of $225 million a week on average, however, the cumulative inflows could reach $10 billion next year.
Featured image via Shutterstock
Source: https://finbold.com/xrp-etfs-record-1-billion-in-inflows/
