Ripple’s CEO Brad Garlinghouse has pointed to a major milestone for XRP spot exchange-traded funds (ETFs), underscoring strong institutional and retail demand for regulated crypto products. According to Garlinghouse, the collective assets under management (AUM) for newly launched XRP spot ETFs have surpassed $1 billion in under four weeks — making them the fastest-growing crypto spot ETFs in U.S. history since Ethereum’s ETF debut.

This rapid growth highlights a significant shift in how investors are approaching digital assets. Rather than purely trading tokens on exchanges, many are opting for regulated vehicles that provide exposure to XRP’s price without requiring direct custody or technical blockchain knowledge. More than 40 crypto ETFs have launched in the U.S. this year, and XRP’s performance is standing out even among this expanding field.

Garlinghouse also noted that wider access through traditional brokerage and retirement accounts — including platforms like Vanguard opening crypto ETF trading to millions of users — has helped broaden participation beyond native crypto traders. This means more “off-chain” investors are gaining exposure to digital assets in familiar financial formats.

The milestone reflects not just headline numbers but also a deeper trend: demand for regulated crypto products is no longer niche, and XRP — often sidelined in past years — is now capturing mainstream interest on Wall Street. As inflows continue and additional spot XRP ETFs prepare to launch, this could further solidify XRP’s role in regulated investment landscapes, potentially drawing even larger capital flows in the months ahead.