- Ripple CEO celebrates XRP ETF milestone, signaling massive institutional interest.
- XRP ETFs hit $1.23B in assets, reflecting growing demand.
- Four XRP ETFs launched in under four weeks, highlighting success.
Ripple CEO, Brad Garlinghouse, recently shared a significant achievement for the XRP community, announcing that XRP has become the fastest crypto spot ETF to reach $1 billion in asset under management (AUM) in the United States.
He also pointed out that four XRP ETFs had been launched in less than a month. This rapid rollout has garnered attention from investors and industry experts, signaling growing institutional interest in digital assets. In a recent post on X, Garlinghouse highlighted the broader trend of increasing crypto ETFs, with the U.S. SEC approving over 40 such products in 2024.
This surge in both spot and futures crypto ETFs signals strong demand for regulated crypto options. According to Garlinghouse, the approval of these products marks a pivotal moment in the industry, signaling maturation and a shift toward more regulated crypto investment avenues.
Vanguard’s decision to offer crypto access within retirement and trading accounts now enables millions of Americans to enter the market, even without technical expertise.
Also Read: Digital Asset ETPs See Strong Inflows, With Bitcoin and XRP Leading the Charge
The Growing Shift Toward Regulated Crypto Products
Garlinghouse emphasized that the rise of XRP ETFs represents the increasing mainstream adoption of crypto. These ETFs provide an entry point for investors familiar with traditional financial markets, making digital assets more accessible. This shift towards regulated instruments like ETFs indicates growing confidence in crypto’s role in modern investment strategies.
The growing interest from “off-chain” investors is also shifting towards projects centered on values like stability, longevity, and community. These factors are becoming crucial for new investors, who are moving away from speculative investments and focusing on long-term growth and security.
The emphasis is now on stability in the crypto space, reflecting the maturation of the industry. The success of XRP ETFs highlights crypto’s integration into the broader financial landscape.
As more institutions embrace digital assets, this marks a significant turning point for crypto’s future. The speed at which these ETFs have launched shows that XRP and similar digital assets are becoming essential components in modern investment portfolios.
XRP ETFs Now Boast $1.23B in AuM
Since Garlinghouse’s announcement, XRP ETFs have continued to perform strongly, now holding $1.23 billion in assets under management (AuM). Following $30.04 million worth of inflows on December 8, the products hold 597.093 million XRP tokens, valued at $2.06 each.
Canary Capital’s product holds the largest share, with 335.889 million XRP worth $691.93 million, representing 56.2% of the total assets. Other funds like Grayscale, Bitwise, and Franklin Templeton also contribute significant portions to the total NAV, showing XRP’s growing institutional appeal.
Also Read: Bitcoin, Ethereum, and Other Major Cryptos See Moderate Declines Amid Market Fluctuations
