XRP Secures $1B AUM Milestone, Sets ETF Speed Record In The US
XRP Spot ETFs have nearly crossed the $1 billion mark in assets under management (AUM), marking one of the quickest ramps since Ethereum, according to Ripple’s CEO. Rapid Fund Growth In Weeks According to the disclosure,...
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XRP Spot ETFs have nearly crossed the $1 billion mark in assets under management (AUM), marking one of the quickest ramps since Ethereum, according to Ripple’s CEO.
Rapid Fund Growth In WeeksAccording to the disclosure, the four XRP ETF products now hold about $1.23B in total net assets, which equals 597 million XRP at a reported XRP price of $2.06.
Reports have disclosed a fresh inflow of $30 million on Monday, Dec. 8, and the cumulative net inflow into these products stands close to $935 million.
Ripple CEO Brad Garlinghouse highlighted that the collective figure reached the $1 billion level in under four weeks after the first fund hit the market.
Canary Capital Leads With Heavy FlowsCanary Capital’s XRPC grabbed the most attention at launch, bringing roughly $245 million in net flows on its debut day on Nov. 13. Canary’s fund holds about 335.889 million XRP, valued at approximately $691 million, which represents 56% of the combined assets across the four funds.
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