The U.S.-based spot XRP exchange-traded fund is surging, posting 13 consecutive days of net inflows and approaching the $1 billion mark in less than a month.
summary
- Following the trend seen in other crypto ETFs, the XRP ETF also had a strong debut.
- Investors appear to be interested in diversifying beyond established crypto leaders.
- It looks like the XRP ETF is poised to cross the $1 billion milestone soon.
Since its launch on November 14, the Spot XRP ETF has attracted steady investment, according to CoinDesk. These funds withdrew $50.27 million in net new capital on Wednesday alone.
This brought cumulative net inflows to $874.28 million and total trading volume for the day to $31.53 million, according to SoSo Value data.
The continuous influx of ETFs has positioned XRP as one of the fastest growing crypto asset vehicles, underscoring its increasing liquidity and acceptance in traditional markets.
why is it important
XRP’s strong debut follows a trend seen across other crypto ETFs. The Spot Solana ETF has accumulated more than $600 million since its recent launch, despite occasional outflows.
Meanwhile, much older spot Bitcoin and Ether ETFs remain dominant, with BTC funds attracting about $58 billion and ETH vehicles attracting $13 billion in total assets under management, according to Pharcyde data.
The strong performance of the XRP ETF shows investors’ willingness to diversify beyond established crypto leaders and may indicate further interest in newer digital assets within traditional investment frameworks.
As capital inflows continue, the XRP ETF appears to be nearing the $1 billion milestone, solidifying its position as one of the fastest-growing crypto products in the US market.
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