XRP spot exchange-traded funds (ETFs) listed in the United States have accumulated more than US$1.2 billion in total assets under management since their launch in November 2025, underscoring growing institutional demand for regulated exposure to the digital asset.
Data from late December shows that major issuers including Grayscale and Bitwise have emerged as significant contributors to the inflows. Grayscale’s GXRP fund holds an estimated US$220 million in assets, while the Bitwise XRP ETF accounts for around $215 million. Together, the two products represent a substantial share of the market, although they are not the largest individual funds.
Canary Capital’s XRP ETF currently leads the sector, with assets under management of approximately US$335 million, reflecting strong early adoption by professional investors. Since launch, the broader XRP ETF market has recorded an uninterrupted streak of daily net inflows, a signal analysts interpret as sustained institutional confidence despite volatility across crypto markets.
The surge in ETF demand has not yet translated into a comparable rise in XRP’s spot price. The token has underperformed Bitcoin in recent weeks and has traded around the US$1.90 level, experiencing notable price swings. Market analysts suggest that selling pressure from large holders, alongside broader risk-off sentiment, may be weighing on price performance even as ETF inflows remain robust.
Industry observers note that the divergence between fund inflows and price action highlights a maturing market dynamic, where long-term institutional positioning can coexist with short-term volatility. The approval and uptake of XRP spot ETFs are widely seen as a milestone for the asset, providing regulated access for investors previously unable or unwilling to hold XRP directly.
With consistent inflows continuing into year-end, analysts expect competition among issuers to intensify in 2026, potentially driving further product innovation, lower fees and deeper liquidity in the XRP ETF market.
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