Ripple CEO Reacts as XRP ETFs Hold $971M After Drop

TLDR

• XRP ETFs retained $971 million in total net assets despite a 45% drop in XRP’s spot price.
• The funds recorded $164 million in net inflows on Nov. 24 shortly after launch.
• Combined Total Net Assets peaked at $1.65 billion in January, then declined as market prices fell.
• Bloomberg ETF analysts reported steady capital levels despite recent volatility.
• Ripple CEO Brad Garlinghouse said the data reflects strong conviction in XRP ETFs.

XRP exchange-traded funds retained large asset bases despite a 45% slide in XRP’s spot price. Bloomberg ETF analysts tracked steady capital levels and flagged firm investor positioning. Ripple CEO Brad Garlinghouse addressed the data and pointed to durable demand for XRP ETFs.

XRP ETFs Retain Assets Despite Price Drop

Bloomberg ETF analysts reported that XRP ETFs kept most investor capital during the recent market decline. XRP’s spot price fell 45%, yet fund holders did not trigger mass redemptions. The analysts highlighted stable net flows even as crypto markets weakened.

The funds recorded $164 million in net inflows on Nov. 24, shortly after launch. Those nine-figure inflows set an early benchmark for demand and established liquidity. January then brought sharp outflows, yet total assets remained elevated relative to launch levels.

SoSoValue data showed that combined Total Net Assets peaked at $1.65 billion in January. Asset values later dropped to $971 million due to XRP price depreciation. However, the decline reflected market pricing rather than large-scale investor exits.

Bloomberg’s senior ETF analyst described the capital base as “stickier than many expected.” He cited consistent holdings despite price swings and sector volatility. Garlinghouse responded publicly and said the data shows “strong conviction in the product structure.”

Garlinghouse stated that institutional investors continue to access XRP through regulated vehicles. He said XRP ETFs provide transparent exposure during volatile trading periods. He added that the asset base reflects disciplined allocation strategies.

Issuers Compete for Lead in XRP ETFs Market

Canary’s XRPC fund leads the XRP ETFs segment by assets under management. The fund holds $273.02 million in net assets and ranks first in cumulative inflows. Historical inflows for XRPC reached $419.44 million, according to published figures.

Canary charges a 0.50% sponsor fee, which stands as the highest among peers. Despite that fee, the fund maintains its asset lead in the category. Market data shows consistent allocations into XRPC since its launch phase.

Bitwise follows closely in total assets and leads in market liquidity metrics. Trading volumes for Bitwise products outpace other XRP ETFs on several sessions. Liquidity levels support tighter spreads and active secondary market trading.

Franklin Templeton holds third place with $225.65 million in assets. The issuer applies a 0.19% sponsor fee, which ranks lowest among leading providers. Fee positioning appears to support steady asset accumulation.

The 21Shares TOXR fund ranks fourth with $156.11 million in assets. The fund maintains competitive positioning within the XRP ETFs landscape. Latest available data places combined XRP ETF assets at $971 million following January’s peak.

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