#XRP Reaches $1,000,000,000 Milestone in No Time: #Ripple CEO.
Garlinghouse called attention to this feat in a recent post on X, confirming that the four XRP ETFs reached this milestone in less than four weeks. The Ripple CEO then commented on the growing list of spot and futures crypto ETFs since the spot Bitcoin products launched in 2024, with the U.S. SEC approving more than 40 of these products this year alone.
According to him, the surge in crypto ETFs shows clear, growing demand for regulated crypto asset products. He explained that Vanguard’s decision to open crypto access within standard retirement and trading accounts now allows millions of Americans to enter the market without needing deep technical knowledge. Garlinghouse also stressed that this rising wave of “off-chain” crypto holders cares more about underrated themes like longevity, stability, and community. Essentially, these factors increasingly guide how new investors think, what they trust, and how they decide which projects deserve their commitment. Since the Ripple CEO’s disclosure just hours ago, the XRP ETF products have added more capital to their net assets following the $30.04 million worth of inflow from Monday, Dec. 8. Today, the products now hold 597.093 million XRP tokens, currently worth $1.230 billion at the current XRP price of $2.06. XRP’s push to the recent milestone began on Nov. 13 with the success the Canary Capital XRP ETF recorded on its debut day. Specifically, XRPC saw about $245 million in net inflows, setting the stage for the successes of the other three products from Bitwise, Grayscale, and Franklin Templeton. Of the $1.230 billion cumulative NAV, Canary’s product takes the largest share, boasting 335.889 million XRP worth $691.93 million at press time. Essentially, Canary makes up 56.2% of the cumulative net assets of all four funds. Meanwhile, the Grayscale XRP ETF accounts for 104.381 million XRP worth $215 million or 17.47% of the total.
