Spot XRP ETFs Approach $1B AUM Driven By Consistent Inflows and Demand

TLDR

Table of Contents

Spot XRP ETFs reach $881.25M inflows with zero outflows since the November 14 launch
Canary Capital’s XRP ETF recorded $245M net inflows and $59M in first-day trading
21Shares received SEC approval to launch its TOXR spot XRP ETF in the U.S.
REX and Tuttle introduced a leveraged XRP ETF offering 2x daily price exposure

Spot XRP ETFs are drawing strong interest in the U.S. as total inflows near $1 billion. With no recorded outflows since their launch, these products are attracting both new issuers and investors. Continued demand, rising trading volumes, and the introduction of leveraged ETFs are all helping to push XRP funds toward a major milestone.

Steady Inflows Continue Since Launch

Spot XRP ETFs have recorded continuous inflows since their U.S. debut on November 14, without any outflows to date. Data from SoSoValue shows these funds have received $881.25 million in net inflows, including $12.84 million added most recently.

Trading activity has remained stable with daily volumes near $26.74 million. This trend signals consistent engagement from both retail and institutional investors. The growth has pushed XRP ETFs among the fastest-rising crypto investment products in the country.

XRP ETF growth mirrors the earlier momentum seen in spot Solana ETFs, which accumulated over $600 million in assets. While Bitcoin and Ethereum ETFs still lead with larger assets, XRP products are gaining ground quickly.

Canary Capital and Other Issuers Drive Market Growth

Canary Capital launched the first spot XRP ETF on November 13, recording $59 million in trading volume on its first day. The fund has since attracted $245 million in net inflows, helping set the pace for other entrants.

Following Canary, firms such as Bitwise, Grayscale, and Franklin Templeton introduced their own spot XRP products. Bitwise alone drew more than $105 million during its initial trading days. These entries have increased investor access and encouraged broader market participation.

However, not all issuers proceeded with their XRP ETF plans. CoinShares officially withdrew filings for three proposed crypto ETFs, including its spot XRP fund, citing strategic adjustments.

New Approvals and Leveraged Products Expand Offerings

21Shares has received SEC approval to launch its spot XRP ETF under the ticker TOXR on the Cboe BZX Exchange. The approval adds another entry point for investors and reflects growing interest in XRP-focused funds.

Meanwhile, REX Shares and Tuttle Capital have introduced a leveraged XRP ETF, offering 2x daily exposure to XRP’s price movements. The fund provides enhanced exposure for traders looking to benefit from short-term XRP price action.

REX Shares had previously launched a partial spot XRP product, and the new leveraged version builds on that foundation. Leveraged ETFs bring more variety to the market and meet different risk and strategy preferences.

Access Expands with Platform Support and Policy Changes

Trading access to XRP ETFs has also widened due to recent platform changes. Vanguard, a major U.S. investment platform, updated its policy to allow trading of spot crypto ETFs, including XRP funds.

This move gives retail and institutional clients more options through one of the largest brokers in the market. Easier access is expected to further support ETF volume and inflows.

As a result, the combined effect of steady demand, new fund approvals, leveraged product options, and broader access has helped maintain momentum. Market watchers are now focused on when total assets under management will cross the $1 billion mark.