XRP Spot ETFs Near $1B AUM Amid Sustained Institutional Demand

Source: CryptoNewsNet Original Title: XRP spot ETFs near $1B AUM amid sustained institutional demand Original Link: https://cryptonews.net/news/finance/32104163/

Overview

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.

Growth Momentum

The ETFs, which launched in mid-November, have recorded a 15-day inflow streak and accumulated $897.4 million in net inflows according to market data.

Key Contributors

Funds from Canary Capital, Grayscale, Bitwise, and Franklin Templeton accounted for the majority of the demand:

• Canary Capital launched XRPC on November 13
• Franklin Templeton’s XRPZ launched on November 14

Institutional Adoption Drivers

Ripple CEO Brad Garlinghouse highlighted that XRP reached the $1 billion milestone in under four weeks, emphasizing several key factors:

• Growing demand for regulated crypto investment products
• Expanding access through traditional brokerage and retirement accounts
• Rising interest from investors seeking exposure without direct blockchain interaction

Market Context

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.