Less than a month after debuting on U.S. markets, spot XRP exchange-traded funds (ETFs) are already nearing $1 billion in assets under management (AUM). This milestone highlights the strongest surge of institutional interest XRP has seen in years. With zero outflows, demand for these products remains both steady and substantial.
Big Money Pours In: How Each XRP ETF Stacks Up
According to data from SoSoValue, inflows into spot XRP ETFs have risen to over $881 million, as the products continue their streak of zero outflows. While the entire XRP ETFs product is growing, a few funds are clearly taking the lead, with Canary Capital’s XRP ETF (XRPC) currently leading the pack, managing around $342 million. Its early lead has been powered by steady inflows from institutional desks, recording a $245 million net inflow on its first trading day.
Close behind is Grayscale’s GXRP ETF, which holds a little over $219 million, recording a daily net inflow of $2.05 million on December 4, 2025, with its cummulative inflows currently standing at $211.07 million. Despite Grayscale’s historically premium-based structure for crypto products, the transition to spot ETFs appears to have attracted steady institutional allocations.
The third is the Bitwise XRP ETF, which now has approximately $190 million in AUM. Bitwise, already known for its strong presence in Bitcoin and Ethereum ETFs, has quickly established itself as a major player in the XRP market as well.
Next is Franklin Templeton’s XRPZ, which manages approximately $129 million. Franklin has been expanding aggressively into digital asset ETFs this year, and XRPZ is shaping up to be one of its strongest early performers.
Why Investors Are Warming to XRP Now
The surge in demand is not happening in a vacuum. Investors seem to be gravitating toward XRP ETFs for two key reasons: regulatory clarity and easier access. Unlike holding XRP directly, ETFs eliminate the need for private wallets, exchange accounts, or self-custody, removing barriers that have long discouraged traditional investors.
But there is also a supply angle to consider. With hundreds of millions of XRP locked inside ETF vaults, the liquid supply on exchanges is becoming increasingly scarce. If inflows continue at their current pace, that could create price pressure in the months ahead.
The steady inflow streak, with no outflow days recorded recently, suggests that early buyers are holding firm despite broader market swings in the crypto industry. This level of confidence illustrates that XRP may now be graduating into a more “institutional-grade” asset.
What Comes Next as the $1B Mark Approaches
Crossing the $1 billion AUM threshold won’t simply be symbolic, but will also confirm XRP as one of the most successful altcoin ETF launches ever. It could also push more asset managers to consider entering the space, potentially triggering a second wave of ETF approvals.
Recently, asset manager Vanguard lifted its ban on crypto ETFs, allowing its users to trade crypto-related ETFs, which include XRP ETF products. Meanwhile, 21Shares spot XRP ETF is set to join the long list of XRP ETF products in the coming days, with WisdomTree expected to follow suit.
Evans Kelvin
