XRP fell to $0.998 on Saturday, reaching its lowest daily low since November 2024. The decline occurred one day after U.S. spot XRP exchange-traded funds (ETFs) marked their first anniversary.
The drop was part of a broader market correction, with liquidations exceeding $330 million in two hours as Bitcoin fell under $67,000, Ether under $1,900, and Solana under $75. XRP declined approximately 14% over seven days and 20% over 30 days, with its market cap shrinking to roughly $63 billion.
ETF Performance and Inflows
Canary Capital's XRPC launched on November 13, 2025, as the first U.S. spot XRP ETF, followed by offerings from Bitwise, Franklin Templeton, 21Shares, Grayscale, and REX. U.S. spot XRP ETFs now hold approximately 1.19 billion XRP.
The net assets of XRP ETFs stand at roughly $1.16 billion, below the approximately $1.79 billion investors have contributed since launch. Net inflows have stalled since October 29, with approximately $18.6 million in net outflows recorded in November. This marks a sharp contrast to the launch period, when the funds accumulated over $1 billion in cumulative inflows within a month without experiencing any outflow days.
Institutional Activity
Institutional filings show ongoing interest in XRP ETFs. Japanese tech conglomerate Rakuten Group filed a 13F with the Securities and Exchange Commission on November 13, disclosing a Bitwise XRP ETF position of 6,690 shares worth $111,255 as of September 30, representing part of a $6.42 million U.S. crypto ETF portfolio. A full-text search of EDGAR identified 82 13F reports filed since October 1 mentioning the Bitwise XRP ETF.
