XRP ETFs Record $644 Million Net Inflows In First Month Of Trading
TLDR
- XRP ETFs recorded $643.92M net inflows and $676.49M in total assets in their debut month.
- XRP ETFs reached 0.50% of XRP’s market cap amid volatile price action.
- Daily inflows peaked at $243.05M on November 14 and $164.04M on November 24.
- Franklin Templeton held 32.04M XRP in its ETF by November 25, indicating accumulation.
XRP spot ETFs have made a strong entrance into the market, collecting $644 million in net inflows during their first month of trading. Despite price volatility, institutional investors showed steady interest, pushing total ETF assets to $676.49 million. Leading asset managers like Grayscale and Franklin Templeton drove consistent daily inflows, signaling rising confidence in XRP-based investment products and expanding access to regulated crypto exposure for traditional finance participants.
Institutional Demand Drives XRP ETF Growth
XRP spot ETFs recorded $644 million in net inflows during their debut month, according to SoSoValue data. The total assets under management reached $676.49 million by the end of November. This represented about 0.50% of XRP’s total market capitalization.
The funds experienced steady daily inflows, with nine out of the last ten trading sessions recording positive flows. The two strongest sessions saw $243.05 million in inflows on November 14 and $164.04 million on November 24.
Grayscale, Franklin Templeton, Bitwise, and Canary were the key issuers driving the momentum. Their products were responsible for the majority of ETF volume on US exchanges, as institutional investors began building exposure to XRP.
XRP Price Volatile as ETF Demand Grows
While ETF inflows were strong, XRP’s price remained unstable during the period. The token hovered around $2.23 as of late November. Analysts pointed to overall market weakness in the broader crypto sector.
Despite the volatility, ETF demand remained steady, helping to limit downside pressure. On November 26 alone, the ETFs saw $38.12 million in trading volume, suggesting ongoing interest. The growing ETF inflows also reduced the circulating supply on public exchanges.
ETF custodians have moved large XRP holdings into regulated storage. This transition has removed assets from public markets, leading to speculation about tighter liquidity conditions.
Asset Managers Expand XRP Offerings
Franklin Templeton disclosed that its ETF held 32.04 million XRP by November 25. The disclosure indicates continued accumulation by institutions through the fund. Meanwhile, other firms are preparing to join the XRP ETF market.
21Shares is scheduled to launch its XRP ETF on Monday. WisdomTree also has an application under review. These additions could increase competition among providers while expanding market access.
Grayscale, Bitwise, and Canary have continued to record steady flows. The collective holdings from all four issuers surpassed 0.5% of the total XRP supply. Their involvement has contributed to the ETF market’s early momentum.
Other Altcoin ETFs See Limited Interest
While XRP ETFs performed well, other new altcoin ETFs received minimal attention. Dogecoin, HBAR, and Litecoin ETFs started trading in the same period but failed to attract meaningful inflows.
Bitwise and Grayscale’s Dogecoin ETFs together received only about $2 million in their first 48 hours. These figures contrast sharply with the $643.92 million gathered by XRP ETFs in the first month.
Analysts attributed this difference to broader institutional interest in XRP and clearer regulatory guidance. The market appears more confident in XRP’s legal status, following earlier court rulings involving the SEC.
ETF providers are watching XRP’s performance closely as they assess future listings. If demand remains consistent, it could open the door for new products across more exchanges.
The post XRP ETFs Record $644 Million Net Inflows In First Month Of Trading appeared first on CoinCentral.
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