Institutions just flashed a $1 billion strong signal for XRP.
Investors have ploughed over $1 billion into US spot XRP exchange-traded funds since they launched in November, without a single day of outflows, according to SoSoValue data.
The demand is a “fair proxy of institutional adoption advancing,” Fabian Dori, chief investment officer at Sygnum Bank, told DL News.
“ETFs help broaden access and improve market structure,” Dori said. “They’re one part of a much larger ecosystem that ultimately drives sustainable price appreciation.”
The inflows sharply contrast with Bitcoin ETFs which recorded $2.9 billion in net outflows in the same period, while Ethereum products also shed $930 million, DefiLlama data shows.
Brad Garlinghouse, chief executive of Ripple, the company that developed XRP, was quick to comment on X. “30 straight days of net inflows for XRP Spot ETFs.
While analysts are quick to celebrate the $1 billion milestone, the news have done little to sway the Ripple-linked cryptocurrency’s price.
XRP has slipped from being the fourth biggest cryptocurrency in the world per market value to the fifth, with Binance-linked BNB overtaking it.
At the moment, XRP’s price is 47% below the all-time high of $3.65 set in July amid the backdrop of a $1.4 trillion market downturn.
“Short-term price swings associated with ETF flows shouldn’t be mistaken for the asset’s fundamental trajectory,” Dori said.
“In the long run, value is determined by utility, network usage, real economic activity, and the robustness of the underlying technology,” he said.
ETF boom continues
The stellar performance of ETFs backed by the $115 billion crypto comes amid the backdrop of a continuing flood of new products on Wall Street.
Canary Capital’s blockbuster XRP ETF debut on November 13 was the top launch of 2025, drawing in $250 million in investment. CEO Steven McClurg initially predicted $5 billion to flow into XRP ETFs in their first month.
Vanguard, the $11 trillion asset manager seen as the industry’s most conservative, finally caved to investor demand earlier in December and opened up crypto ETF trading, including XRP products.
Other investment managers like Bitwise and Grayscale have also jumped onto the XRP bandwagon and launched ETFs in recent weeks.
Grayscale gained prominence as the issuer of the Grayscale Bitcoin Trust, which was the first publicly traded Bitcoin investment product in the US. It allowed institutional investors to gain Bitcoin exposure without holding the asset directly.
The Depository Trust and Clearing Corporation, the $100 trillion US securities clearinghouse, shows additional XRP ETF listings from Franklin Templeton, 21Shares, ProShares, and CoinShares.
In short, more XRP ETFs are coming to meet institutional demand.
“They are now a crucial component of the future of finance, and there’s no rowing back,” Dori said.
Crypto market movers
- Bitcoin is up 0.1% over the past 24 hours, trading at $86,359.
- Ethereum down 0.2% over the past 24 hours trading at $2,924.
What we’re reading
- Bitcoin price ‘collapse’ to $10,000? Why ‘post-inflation deflation’ mirrors 2008 crash — DL News
- Aave DAO clashes with founder over website revenue — DL News
- JPMorgan Launches Tokenized Money Market Fund on Ethereum — Unchained
- A new Fed Chair favorite emerges? — Milk Road
- Prediction markets act as leading indicators for macro risk, new report says — DL News
Lance Datskoluo is DL News’ Europe-based markets correspondent. Got a tip? Email at lance@dlnews.com.
