XRP Spot ETFs Cross $1.23 Billion in Assets, Fastest Growth Since Ethereum
XRP spot ETFs continued to attract strong investment, with December 9 seeing $8.73 million in net inflows led by Canary XRPC, driving total net asset value close to $945 million for the day.
XRP
Summary
On December 9, XRP spot ETFs saw $8.73 million in net inflows, led by Canary XRP ETF XRPC with $6.08 million and Bitwise XRP ETF with $1.42 million. This added to the rapid growth that brought total assets under management to $1.23 billion within four weeks of launch, holding 597 million XRP at $2.06 each. Canary Capital remains the dominant fund, controlling 56% of assets. Overall net inflows since launch reached approximately $943 million, underscoring continued investor demand for regulated crypto products.
Terms & Concepts
- XRP: A digital cryptocurrency developed by Ripple Labs, designed for fast and cost-efficient cross-border payments.
- Spot ETF: An exchange-traded fund that directly holds the underlying asset—in this case, XRP—rather than derivatives or futures contracts.
- Assets Under Management (AUM): The total market value of assets that an investment company or fund manages on behalf of investors.