XRP Spot ETFs have nearly crossed the $1 billion mark in assets under management (AUM), marking one of the quickest ramps since Ethereum, according to Ripple’s CEO.
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Rapid Fund Growth In Weeks
According to the disclosure, the four XRP ETF products now hold about $1.23B in total net assets, which equals 597 million XRP at a reported XRP price of $2.06.
Reports have disclosed a fresh inflow of $30 million on Monday, Dec. 8, and the cumulative net inflow into these products stands close to $935 million.
Ripple CEO Brad Garlinghouse highlighted that the collective figure reached the $1 billion level in under four weeks after the first fund hit the market.
Canary Capital Leads With Heavy Flows
Canary Capital’s XRPC grabbed the most attention at launch, bringing roughly $245 million in net flows on its debut day on Nov. 13. Canary’s fund holds about 335.889 million XRP, valued at approximately $691 million, which represents 56% of the combined assets across the four funds.
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With over 40 crypto ETFs launched this year in the US alone, a few points are obvious to me:
1/ there’s pent up demand for regulated crypto products, and with Vanguard opening up…
— Brad Garlinghouse (@bgarlinghouse) December 8, 2025
The other managers hold smaller shares: Grayscale’s product holds 104.381 million XRP, about $215 million or 17.47% of the total; Bitwise carries 93.827 million XRP valued at $193.284 million or 15.7%; Franklin Templeton has 62.99 million XRP worth about $131.829 million, or 10.71%.
A Wave Of Approved Crypto Funds
Based on reports, this development follows a broader rollout of spot and futures crypto ETFs since US spot Bitcoin ETFs arrived in January 2024.
Ethereum spot products launched in July 2024, and Solana listings came in October 2025. The US Securities and Exchange Commission has approved more than 40 crypto-related ETF products this year, which market participants say has opened familiar rails for mainstream investors.
Vanguard’s choice to allow crypto access inside standard retirement and broker accounts is being cited as a change that lets many Americans gain exposure without deep crypto know-how.
What This Means For Investors
According to analysts and market observers, the speed of these flows underlines strong demand for regulated crypto vehicles. Big-name asset managers entering the market have helped create options that look and act like other mutual funds or ETFs, which can ease the path for retirement plans and advisers to take part.
At the same time, a large share resting in a single debut fund shows concentration risk: Canary’s XRPC accounts for more than half of the total net assets, and that matters for liquidity and fund dynamics if flows shift.
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Fresh Inflows & ETF Demand
While $1.23 billion is a headline figure, market watchers will be watching fresh inflows, trading volumes, and how price moves react to ETF demand.
For now, XRP listings have drawn sizable attention, and the coming weeks should make clearer whether the early momentum will spread more evenly across products and push broader investor participation.
Featured image from Unsplash, chart from TradingView
