U.S.-based spot XRP exchange-traded funds (ETFs) are experiencing significant growth, marking 13 consecutive days of net inflows and approaching the $1 billion asset mark in under a month since their launch.
Since their debut on November 14, spot XRP ETFs have consistently attracted steady investment. On Wednesday alone, these funds saw net new capital inflows totaling $50.27 million.
This sustained influx brings the cumulative net inflows to an impressive $874.28 million. The daily trading volume for these ETFs reached $31.53 million on the same day, indicating strong investor activity.
The current inflow streak positions XRP ETFs among the fastest-growing cryptocurrency-related investment vehicles, highlighting increasing liquidity and broader acceptance within traditional financial markets.
Market Context and Investor Diversification
The strong performance of XRP ETFs follows a trend observed with other recently launched cryptocurrency ETFs. For instance, spot Solana ETFs have accumulated over $600 million in assets since their introduction, even amidst occasional periods of net outflows.
While newer ETFs are gaining traction, established funds like spot Bitcoin and Ether ETFs continue to lead in terms of assets under management. Bitcoin funds have garnered nearly $58 billion, and Ether vehicles have attracted $13 billion.
The robust demand for XRP ETFs suggests that investors are actively seeking to diversify their portfolios beyond the most established cryptocurrency leaders. This trend may also signal growing interest in newer digital assets within established investment frameworks.
With the current rate of inflows, XRP ETFs are on track to surpass the $1 billion asset milestone in the very near future, solidifying their position as a significant and rapidly growing crypto-asset instrument in the U.S. market.