The XRP Spot ETF recorded cumulative net inflows of $643.92 million in its first month of trading, according to SoSoValue data. In addition, the total net assets of these products reached $676.49 million, accounting for 0.50% of XRP’s market capitalization.
Daily inflows remained positive throughout most of the month. The strongest sessions included November 14th with $243.05 million and November 24th with $164.04 million.
Trading volume is resilient despite XRP price fluctuations
Major issuers Grayscale, Franklin Templeton, Bitwise, and Canary collectively drove steady inflows across U.S. exchanges.
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Combined, the four funds hold more than 0.5% of the total circulating supply of XRP in the ETF, indicating early institutional investor interest.
These ETFs generated $38.12 million in total trading volume on November 26th alone. Trading volumes at the beginning of the month increased in line with a surge in large inflows.
However, the market price of XRP remained unstable. The token traded around $2.23 as ETF demand offset weakness in the broader crypto market.
Meanwhile, other major asset management companies are also considering entering the XRP ETF race. 21Shares plans to launch the Spot ETF on Monday, as WisdomTree’s application is still under review.
Early signs of sustained institutional demand
Nine out of the last 10 times, ETF inflows have increased. The latest daily totals show $21.81 million entered the XRP ETF on November 26th.
This round of inflows suggests that financial institutions are still building exposure. It will also reduce liquid supply on exchanges as ETF administrators move XRP to regulated storage.
Franklin Templeton revealed 32.04 million XRP held in the ETF through November 25th, indicating continued accumulation.
This steady inflow pattern during the first month is positive for the new crypto ETF and reflects increased regulatory clarity for XRP products.
Meanwhile, XRP was not the only altcoin to receive the green light for an ETF over the past week. Spot ETFs for Dogecoin, HBAR, and Litecoin also began trading earlier this month.
However, these funds did not attract significant interest from institutional investors. Bitwise and Grayscale’s Dogecoin ETF only attracted about $2 million in inflows in the first 48 hours of trading.
