XRP ETFs have now crossed $1 billion in assets since launching, according to SoSoValue, which shows total assets of about $1.18 billion. The milestone comes even as the broader crypto market has cooled, making XRP’s ETF traction stand out.
The rally traces back to September, when the SEC approved generic listing standards that sped up ETF approvals and opened the door for a wave of new products. Shortly after, Rex-Osprey launched the first spot XRP ETF available in the US.
A Crowded Launch, Strong Demand
Momentum accelerated in November when Canary rolled out its Nasdaq-listed ETF under the ticker XRPC. The fund saw a record $58.5 million in trading volume on its first day and has grown into the largest XRP ETF in the US, with $342 million in assets. Grayscale, Bitwise, and Franklin Templeton also launched their own XRP ETFs that month, with 21Shares joining the group on December 11.
Despite the crowded field, assets have continued to rise. That’s notable given that bitcoin $BTC and its ETFs have struggled recently, and XRP itself is down nearly 15% over the past month.
Why Investors Keep Showing Up
Jake Hanley, managing director and senior portfolio specialist at Teucrium Investment Advisors, said the interest isn’t surprising. Teucrium launched the first-ever XRP-based ETF in April, the 2x Long Daily XRP ETF. Hanley said XRP and the Ripple ecosystem present a differentiated investment case within crypto, and that crossing the $1 billion mark signals growing investor confidence in the asset’s long-term role.