Spot XRP ETFs have set a new record in U.S. financial markets, becoming the fastest fund to reach $1 billion in assets under management (AUM) in less than four weeks. The rapid growth highlights strong investor demand for regulated XRP exposure and marks a major milestone for crypto-based investment products.
Spot XRP ETFs Hit $1 Billion AUM In Less Than 4 weeks.
In an X post today, Ripple CEO Brad Garlinghouse has praised the spot XRP ETFs as the fastest crypto ETF products since ETH to reach the $1 billion AUM milestone in under four weeks of trading. According to Garlinghouse, the achievement resulted from increased demand for regulated crypto ETF products.
The CEO also highlighted that the recent move by US asset manager Vanguard enabling its 50 million clients to buy and sell shares of XRP ETF contributed significantly to the incredible milestone. In his view, with Vanguard’s support, millions of customers do not need to be experts in crypto before investing.
According to Garlinghouse, this new set of crypto holders is more interested in longevity, stability, and a loyal community, key factors that XRP possesses. Meanwhile, analysts have also pointed to XRP’s deep liquidity and long market history as key factors behind the strong demand that led to the rapid surge in AUM.
Additionally, XRP’s real-world use case in cross-border payments remains a key attraction for investors seeking utility-driven digital assets. After years of regulatory uncertainty, renewed clarity around XRP has also helped unlock sidelined capital, pushing inflows higher week after week.
Currently, four spot XRP ETFs are trading in the U.S.: the Canary XRP ETF (XRPC), Grayscale XRP Trust (GXRP), Bitwise XRP ETF (XRP), and Franklin XRP ETF (XRPZ). The first of these, XRPC, launched on November 13—less than a month ago. Despite their recent debut, Garlinghouse emphasized that these funds have already reached an impressive milestone of $1 billion in AUM.
How XRP ETFs Fare Against Other Crypto Products
According to data from SoSValue, XRP ETF products have maintained their no-outflow streak since launch, and this steady inflow has undoubtedly aided its rapid surge to the $1 billion AUM milestone in under four weeks.
Interestingly, this milestone achievement has placed XRP ETFs ahead of many previous crypto ETF launches. Even some early spot Bitcoin and Ethereum ETFs took longer to reach similar asset levels during their initial rollout phases.
While Bitcoin ETFs continue to dominate the broader crypto ETF market in terms of total AUM, XRP’s accumulation stands out. Market observers note that the performance reflects not only the general strength of the crypto market, but also a growing asset-specific appetite for XRP as a payments-focused token.
Broader Implications for the U.S. Crypto ETF Market
The success of spot XRP ETFs could reshape the U.S. crypto investment landscape. Asset managers would undoubtedly view the milestone as further evidence of an increasing appetite for more altcoin-related ETFs. For XRP, the achievement reinforces its position as one of the most closely watched digital assets in the traditional finance sector.
If inflows continue at the current pace, spot XRP ETFs could quickly rise to the top of the list of top crypto-based ETF products in the U.S., signaling a deeper integration between digital assets and mainstream markets.
Meanwhile, more spot XRP ETFs, including 21shares TOXR, await the SEC’s final approval.
Temitope Olajide
