Since their recent launch, the very first spot XRP ETFs approved by the U.S. SEC have been breaking records. This success has allowed them to outshine Bitcoin and Ethereum with $644 million in net inflows in November. Here’s an update.
Spot XRP ETFs: The Market’s Best November Ever
After months and months of waiting, the U.S. Securities and Exchange Commission (SEC) is finally beginning to issue approvals—albeit slowly—for the first spot crypto ETFs, other than those already in place since 2024 for Bitcoin and Ethereum.
This green light now extends to Ripple’s XRP cryptocurrency, following the launch of its very first fund by Canary Capital (XRPC) on November 14, closely followed by Bitwise (XRP) on the 20th, and finally Franklin Templeton (XRPZ) and Grayscale (GXRP) earlier this week.
These four funds were highly popular right from their launches, to the point of recording net inflows for the month of November—despite it being a challenging month for the crypto market—estimated at $644 million, without a single day of net outflows.
Net inflows into the spot XRP ETF market
This far overshadows the negative results of spot Bitcoin and Ethereum ETFs over the same period, which recorded net outflows of $3.5 million and $1.5 million, respectively. Even the market for Solana (SOL)-dedicated ETFs lags behind, with total net inflows of $414 million.
Ripple, the New Craze Among Institutional Investors
This marks a success for Ripple following the official dismissal of regulatory charges brought against it by the U.S. SEC. It presents an opportunity for institutional investors to take advantage of its many offerings, such as the Dubai Financial Services Authority (DFSA), which has just authorized the use of Ripple’s RLUSD stablecoin within the Dubai International Financial Centre (DIFC).
In practice, this integration will allow companies regulated by the DFSA to use Ripple’s stablecoin within this financial free zone, which is designed to make Dubai a global hub for financial services in the MEASA (Middle East, Africa, South Asia) region.
This approval also extends to the Abu Dhabi Financial Services Regulatory Authority (FSRA), which has just listed the RLUSD as a fiat-pegged token within its international financial center located in the capital of the United Arab Emirates (UAE).
With a market capitalization of over $1 billion and growing adoption for core financial uses such as collateral and payments, RLUSD is rapidly becoming a benchmark USD-pegged stablecoin for major institutions. This momentum is helping to drive the next wave of global adoption of secure and compliant crypto-assets.
Jack McDonald, Senior Vice President of Stablecoins at Ripple
Meanwhile, XRP has posted the best performance among the top 10 cryptocurrencies over the past 7 days, with a 15% increase that has brought it back to the $2.20 level.
XRP returns to the $2.20 level
Some analysts view this as a favorable position, suggesting an imminent return to $2.75.
