XRP ETFs are quickly becoming a major force in the market. As of December 4, five spot XRP ETFs managed more than $909 million in total assets. Together, they hold over 400 million XRP, which is approximately 0.4% of the total supply of 100 billion XRP. Canary Capital leads the race with $351 million in assets and over 162 million XRP locked.
Bitwise followed with $188 million, Grayscale with $139 million, Franklin Templeton with $123 million, and REX-Osprey with $108 million. This increase occurred within weeks of the trade. This speed reflects increased institutional investor appetite following regulatory clarity regarding Ripple and XRP in the United States. For many funds and advisors, the green light has finally arrived. Capital is moving rapidly now.
Over 400 million XRP currently stored in institutional vaults
On-chain storage data shows that 400.01 million XRP is currently stored within verified ETF vaults. These are real tokens that have been withdrawn from circulation and held under an institutional custodial model. Canary Capital alone manages 162 million XRP. Bitwise follows with 87 million XRP, followed by Grayscale and Franklin Templeton with over 60 million XRP each. REX-Osprey rounds out the list with nearly 29 million XRP.
The #XRP #ETF story is just beginning.
Five spot XRP ETFs are currently trading with a combined AUM of over $909 million:
• Canary Capital (XRPC): $351 million – industry leader
• Bitwise (XRP): $188 million
• Grayscale (GXRP): $139 million.
• Franklin Templeton (XRPZ): $123 million
• REX-Osprey (XRPR): $108 million…— Neil (@NeilTolbert) December 4, 2025
This lockup reduces the supply of liquid across the exchange. Ripple released 1 billion XRP from escrow on December 1st, but most of it was returned to escrow. Meanwhile, the exchange balance remains close to 2.2 billion XRP. This indicates that free float is limited. The supply picture is tightening. At the same time, demand for ETFs continues to grow. This combination creates stable pressure under price fluctuations, even during slow trading sessions.
Daily ETF flows indicate active institutional trading
Trading activity across the XRP ETF remains stable. In fact, in the latest session, daily trading volume totaled nearly $35 million. For example, Franklin Templeton led the day with around $12 million in volume, followed by Bitwise and Canary Capital. Each fund targets a different investor base. In fact, some may appeal to cost-conscious traders with lower fees. On the other hand, some companies attract institutions through brand reach and management structures. Nevertheless, they all have the same effect. In other words, it absorbs XRP from the open market and pushes it into long-term holding vehicles. This flow pattern mirrors the behavior of early Bitcoin ETFs. First of all, the build is slow. Then a larger block allocation is made. This is often followed by Treasury style positions.
The race to lock 1 billion XRP begins
With 400 million XRP already locked, the next visible milestone is 1 billion XRP in the ETF vault. In fact, at the current pace, that goal is no longer far away. The regulatory pressure surrounding Ripple has eased, and this shift has changed the traditional internal financial atmosphere. What started as a warning turned into a structured exposure. As a result, XRP is now alongside Bitcoin, Ethereum, and Solana in regulated products.
As this institutional strengthening continues, XRP is trading around $2.18. Prices have remained stable despite large volumes of trades being stored for long periods of time from public exchanges. The balance between flows and prices indicates controlled accumulation rather than speculative spikes. The bridge between cryptocurrencies and Wall Street is no longer a theory. In fact, with nearly $1 billion of XRP ETF assets already deployed, the bridge is currently active and XRP is passing through the bridge in real time.
