U.S. spot XRP exchange-traded funds have accumulated about 1.16 billion XRP since the first product designed to offer exposure solely to the asset began trading, marking the market's one-year anniversary. The XRP ETF market launched on November 14 last year.
Holdings trend higher over the year
According to data shared by the official XRP account on X, the funds have steadily expanded their holdings since launch. A chart cited in the update shows ETF holdings generally trending upward over the period, with notable increases around the start of the launch period and another significant rise in August this year.
The milestone comes as momentum has slowed significantly in recent days amid prolonged market volatility. The report also noted that XRP has not shown notable price growth during the period, even as the ETF market has expanded.
Six issuers now offer XRP products
The XRP ETF ecosystem has grown over the past year as major asset managers joined. The firms issuing XRP investment products are:
- Bitwise
- Franklin Templeton
- Canary Capital
- 21Shares
- Grayscale
- REX
XRP ETFs are designed to let investors gain exposure to the asset through traditional means rather than by purchasing and holding XRP directly. The accumulation milestone signals growing interest in XRP investment products among institutional investors, according to the report.
