XRP ETFs boost holdings to $915M after new purchases
Growing institutional interest in XRP ETFs signals expanding adoption of digital assets for payments and portfolio diversification beyond Bitcoin and Ethereum.
Key Takeaways
- Total holdings in US spot XRP ETFs have climbed to around $915 million, or approximately 426 million XRP.
- There is growing institutional interest in XRP, driven by its utility for cross-border payments and liquidity management.
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US spot XRP exchange-traded funds boost total holdings to around $915 million (approximately 426 million XRP) after new purchases as institutional demand for the Ripple Labs-developed cryptocurrency continues to grow.
Latest fund disclosures show Canary Capital’s XRPC leading at $357 million in assets, followed by Bitwise’s $195 million XRP fund and Grayscale’s $187 million GXRP fund.
The inflows reflect sustained investor interest in XRP, which is primarily used for cross-border payments and liquidity management on the XRP Ledger blockchain.
Spot XRP ETFs launched in the US this year, allowing investors to access the digital asset through traditional brokerage accounts. The products have become a fast-growing investment category as ETF providers introduce new offerings to facilitate institutional exposure.
Financial institutions are actively incorporating XRP into their products for accredited investors, marking a shift toward utility tokens beyond Bitcoin and Ethereum.
