XRP ETFs Surpass $1 Billion Amid Growing Institutional Interest
Exchange-traded funds (ETFs) focused on XRP have recently crossed the $1 billion mark in assets under management (AUM), reflecting sustained mainstream interest in the digital asset. This surge is attributed to XRPโs longstanding presence in the crypto market and its strong price trajectory over recent years, according to industry insiders. Meanwhile, broader market trends show differing fortunes for other major cryptocurrencies, with spot Ether ETFs experiencing outflows and Bitcoin ETFs exhibiting volatile flows.
โInvestors continue to favor XRP largely due to its familiarity and long operational history,โ said Sui Chung, CEO of CF Benchmarks. Chung explained during a CNBC interview that XRPโs impressive multi-year performance has significantly contributed to its recent appeal.
XRPโs Resilient Performance Draws Investor Attention
At present, XRP trades at approximately $1.81, having gained about 417% since 2022. However, it remains down roughly 22.8% since the start of the year, as per CoinMarketCap. The spot XRP ETF has garnered nearly $423 million in inflows since mid-November, data from CoinGlass indicates. Recent reports from SoSoValue show the ETFโs total assets exceeding $1 billion, with five leading issuersโCanary Capital, 21Shares, Grayscale Investments, Bitwise Asset Management, and Franklin Templetonโcollectively managing over $1.14 billion.
In addition to XRP, investor interest in Solana appears to be strengthening, driven by clearer understanding of its application ecosystem. Over the last nine days, spot Solana ETFs have seen inflows totaling over $102 million, according to CoinGlass. Chung emphasized that the better grasp among traditional investors of Solanaโs technology, daily active user metrics, and fee structure has contributed to this renewed interest.
These trends in spot ETF flows run parallel to increased volatility in Bitcoin and Ethereum trading, the two largest cryptocurrencies by market cap, within U.S.-based ETF products. Spot Ether ETFs have experienced continuous outflows for five days straight, totaling more than $533 million, according to Farside. Conversely, Bitcoin ETFs saw a partial rebound Thursday, with inflows of $457 million after previous outflows exceeding $634 million over the prior days.
As institutional adoption evolves, XRP and Solana ETFs are positioning themselves as compelling options amid mixed performance signals in the broader crypto market, which faces ongoing volatility and changing investor sentiments.
