TLDR
- XRP ETFs attracted $666 million in net inflows during their first full month of trading.
- 21Shares will launch its U.S. spot XRP ETF under the ticker TOXR on Monday.
- ETF custodians now hold over 0.5% of XRP’s circulating supply in regulated storage.
- XRP ETFs posted nine positive inflow sessions in the last ten trading days.
XRP spot ETFs have quickly attracted strong institutional demand, recording $666 million in net inflows within their first month. As regulated exposure to XRP grows, 21Shares is set to launch its U.S. spot ETF on Monday, becoming the fifth issuer in the market. This surge in interest comes as daily inflows remain consistent, and ETF-held XRP now exceeds 0.5% of the token’s total circulating supply.
Steady Inflows Signal Institutional Confidence
XRP spot ETFs have recorded $666 million in cumulative net inflows less than a month after launch. The steady inflows came from issuers including Grayscale, Franklin Templeton, Bitwise, and Canary, based on SoSoValue data.
These funds now hold a combined $687.81 million in assets, representing about 0.52% of XRP’s market capitalization. ETF custodians have moved XRP into regulated storage, which has quietly reduced the liquid supply available on exchanges.
Positive inflows were recorded on nine of the last ten trading days, showing continued institutional accumulation. November 14 saw the largest daily inflow of $243.05 million, followed by $164.04 million on November 24.
21Shares Enters Market With New XRP ETF
21Shares has received regulatory clearance to launch its spot XRP ETF in the U.S. The fund will begin trading on Monday on the Cboe BZX Exchange under the ticker symbol TOXR.
This makes 21Shares the fifth issuer to offer an XRP ETF in the U.S. Its approval followed the filing of a Form 8-A, which completed the last step for the launch. The ETF will track the CME CF XRP-Dollar Reference Rate, giving investors access to XRP’s spot price without owning the asset directly.
Earlier in the week, Grayscale’s GXRP and Franklin Templeton’s XRPZ ETFs also launched. GXRP recorded $67.36 million in inflows on its first day, while XRPZ saw $62.59 million.
Growing Assets and Trading Volumes
Total ETF assets reached $687.81 million by November 28, up from $676.49 million just days earlier. The increase aligns with the continued demand for regulated exposure to XRP among institutional investors.
Canary’s ETF debut led to a single-day inflow of over $240 million. Meanwhile, the funds recorded $22.68 million in inflows on November 27 and $21.81 million on November 26, indicating steady interest despite market volatility.
Franklin Templeton disclosed holdings of 32.04 million XRP in its fund as of November 25, suggesting ongoing accumulation across major ETFs. ETF trading volume hit $38.12 million on November 26, although volumes were higher during peak inflow sessions.
Regulatory Developments and Future Launches
The entry of 21Shares follows a trend of increasing regulatory clarity around XRP-based products. WisdomTree has also submitted an application, which remains under review. Meanwhile, CoinShares withdrew its planned XRP ETF, following internal structural changes.
While XRP ETFs gained momentum, similar altcoin ETFs such as Dogecoin and HBAR saw limited interest. The Dogecoin ETF by Bitwise and Grayscale attracted only $2 million in inflows within 48 hours of launch.
With five XRP ETFs set to be available in the U.S., asset managers are preparing for rising demand. Market participants view the early inflow data as a sign of institutional focus on XRP, especially as custodians continue to move assets off exchanges into vaults.
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