Since their launch, U.S. spot XRP ETFs have not experienced a single day of net outflows and now exceed $1.14 billion in assets under management. A look back at these notable performances.
XRP ETFs Surpass $1 Billion in Assets Under Management
On November 13, U.S. spot XRP ETFs made their debut on the financial markets. More than a month later and after 24 days of trading, these new investment vehicles have surpassed $1 billion in assets under management and have not experienced a single day of net outflows.
Indeed, the chart below currently shows assets under management of over $1.14 billion (right scale), with the recent decline actually stemming from the drop in XRP. In terms of inflows (left scale), the worst day was December 16, with $16.75 million, whereas the session on November 24 set a record at $87.84 million:
Performance of U.S. spot XRP ETFs
Another interesting comparison can be made by relating this value of assets under management to the market capitalization of the underlying asset. Based on this statistic, XRP ETFs fall off the podium, as their value represents 1% of circulating XRP, compared to 1.3% for Solana ETFs, 5% for Ethereum, and 6.5% for Bitcoin.
Looking at these funds on a case-by-case basis, Canary Capital’s XRPC leads the pack, accounting for 28.57% of the total value of these ETFs, while Franklin Templeton’s XRPZ brings up the rear, with 15.21% of that total:
Ranking of various spot XRP ETFs
Meanwhile, XRP is trading at $1.84 at the time of writing, down 4% over the past 24 hours. Amid this context of uncertainty weighing on the crypto ecosystem, it is also worth noting that the asset is down nearly 50% from its all-time high of $3.65 on July 18.
