XRP Spot ETFs are on the verge of surpassing the $1 billion mark in assets under management (AUM), making it one of the fastest-growing ramps since Ethereum, as stated by Ripple’s CEO.
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Rapid Growth Within Weeks
Recent disclosures show that the four XRP ETF products now hold approximately $1.23 billion in total net assets, equivalent to 597 million XRP at a reported XRP price of $2.06.
Reports indicate a new inflow of $30 million on Monday, December 8, with the cumulative net inflow into these products nearing $935 million.
Ripple CEO Brad Garlinghouse emphasized that the combined figure reached the $1 billion milestone in less than four weeks after the first fund was introduced to the market.
Canary Capital Leads with Significant Flows
Canary Capital’s XRPC attracted the most attention upon launch, garnering approximately $245 million in net flows on its initial day on November 13. The fund currently holds around 335.889 million XRP, valued at roughly $691 million, representing 56% of the combined assets across the four funds.
👀<4 weeks, and XRP is now the fastest crypto Spot ETF to reach $1B in AUM (since ETH) in the US.
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, equivalent to approximately $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%.
Approval of Crypto Funds On the Rise
According to reports, this surge follows a broader release of spot and futures crypto ETFs since the arrival of US spot Bitcoin ETFs in January 2024.
Ethereum spot products were launched in July 2024, followed by Solana listings in October 2025. The US Securities and Exchange Commission has approved over 40 crypto-related ETF products this year, providing familiar avenues for mainstream investors.
Vanguard’s decision to offer crypto access within standard retirement and broker accounts is seen as a game-changer that allows more Americans to gain exposure without extensive knowledge of cryptocurrencies.
Implications for Investors
Analysts and market observers believe that the rapid inflows demonstrate a strong demand for regulated crypto products. The entry of prominent asset managers into the market has paved the way for options that resemble traditional mutual funds or ETFs, making it easier for retirement plans and advisers to participate.
However, the concentration of a large portion in a single debut fund poses liquidity and fund dynamic risks if flows shift: Canary’s XRPC holds more than half of the total net assets.
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New Inflows & ETF Trends
While reaching $1.23 billion is a significant milestone, observers will closely monitor fresh inflows, trading volumes, and how price movements respond to ETF demand.
The attention garnered by XRP listings in recent weeks suggests that the early momentum may lead to broader investor participation across different products in the coming weeks.
Featured image from Unsplash, chart from TradingView