Since their launch, US XRP spot ETFs have not experienced a single day of net outflows and now exceed $1 billion in assets under management. A look back at these remarkable performances.
XRP ETFs exceed $1 billion in assets under management
On November 13, US 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 exceeded $1 billion in assets under management and have not experienced a single day of net outflows.
Indeed, the chart below shows assets under management of over $1.14 billion (right scale), with the recent decline actually due to the fall in XRP. In terms of inflows (left scale), the worst day was December 16, with $16.75 million, while November 24 set a record at $87.84 million:
Another interesting comparison can be made by relating this value of assets under management to the capitalization of the underlying asset. Based on this statistic, XRP ETFs fall off the podium, as their value represents 1% of XRP in circulation, 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, accounting for 15.21% of the total:
At the same time, XRP is trading at $1.84 at the time of writing, down 4% over the last 24 hours. Amid this context of uncertainty weighing on the crypto ecosystem, it should also be noted that the asset is down nearly 50% from its all-time high of $3.65 on July 18.
