The exchange-traded funds (ETFs) for the American Ripple currency reached 1 billion dollars in assets under management (AUM) in less than four weeks after the initial launch on November 13.
The four active XRP exchange-traded funds (Canary Capital, Grayscale, Bitwise, and Franklin Templeton) collectively hold about 597 million XRP, valued at approximately 1.23 billion dollars.
Canary Capital (XRPC) is the current market leader, holding about 336 million XRP, which represents over 56% of the total assets of XRP ETF.
This achievement, along with the listings of regulated futures contracts, indicates the growing institutional demand for regulated crypto products and increased accessibility for "off-chain" investors.
XRP has achieved a remarkable milestone on Wall Street. In less than four weeks, U.S. spot index funds for XRP surpassed one billion dollars in assets under management. Thus, XRP becomes the fastest cryptocurrency ETF to reach this level since Ethereum. Ripple CEO Brad Garlinghouse confirmed this achievement via the X platform, describing it as clear evidence that the demand for regulated digital products is not slowing down, but accelerating.
There are currently only four XRP ETF funds in the United States. However, these funds collectively hold about 597 million units of $XRP . At current prices, the value of these holdings is approximately 1.23 billion dollars. This number reflects total assets, not just new flows. The net flows are now approaching 935 million dollars. The wave of increase began on November 13, the day the Canary Capital XRP ETF was launched, which attracted about 245 million dollars in a single session. Since then, products from Bitwise, Grayscale, and Franklin Templeton have joined the race and maintained momentum.
Kinari leads while institutional investments are increasing
Not all XRP ETF funds grow at the same pace. The Kinari fund is leading the scene by a large margin. It currently holds about 336 million units of XRP, valued at nearly 692 million dollars. This represents over 56% of the total assets of XRP ETF funds. The Grayscale fund comes in second, holding about 104 million tokens, valued at approximately 215 million dollars. It is followed by Bitwise with around 193 million dollars of XRP, while Franklin Templeton holds the smallest share valued at about 132 million dollars. This distribution reflects institutional preferences in the early stage. However, the four products continue to register ongoing interest.
Brad Garlinghouse also linked this growth to a broader shift in investment behavior within the United States. Vanguard and other platforms have made it possible to gain exposure to cryptocurrencies within retirement and traditional trading accounts. This change alone opens the door for millions of Americans immediately. As a result, investors no longer have to manage digital wallets or deal with blockchain tools to access $XRP . They can simply click "buy" as they would with any stock or bond. A clear, simple, and uncomplicated step.
New investors outside the blockchain are changing the game
Garlinghouse also pointed to a new, quiet yet impactful trend. Many new investors in cryptocurrency today are not interacting directly with the blockchain but are investing through ETF funds. He described them as "off-chain asset holders." These investors think differently; they are less concerned with the technical aspects and focus more on stability, long-term prospects, and community strength. According to Garlinghouse, these factors are playing a key role in determining the direction of long-term capital. This shift helps explain the speed at which XRP gained momentum after launching its traded fund. The currency has a long history, a global brand, and an active user base — advantages that give traditional investors a sense of confidence.
The organized momentum of XRP continues to expand
Alongside ETF funds, $XRP has also made progress in the U.S. derivatives markets. Bitnomial has received approval to effectively settle XRP futures contracts under the supervision of the CFTC. This represents one of the first fully regulated listings of XRP futures contracts in the United States. Instant ETF funds and regulated contracts together form a strong institutional pillar, enhancing liquidity and market access.
After years of legal disputes and regulatory uncertainty, XRP finds itself today in a completely different position. It is entering retirement accounts, trading within regulated ETF funds, and being settled through licensed clearinghouses. Thus, the message becomes clear: XRP is no longer knocking on Wall Street’s door — it has already entered and sat down, and with the current pace of development, it does not seem to plan to rise soon.
#XrpETF #Xrp🔥🔥 #BinanceSquare #BinanceSquareFamily #NewsAboutCrypto
