U.S. spot XRP exchange-traded funds crossed $1 billion in assets under management in less than four weeks after launch. XRP ETFs now sit near the top of the 2025 crypto ETF launch group by early inflow scale.
XRP ETFs Log Near-Continuous Inflows in First Weeks
Spot XRP ETFs began trading in mid-November 2025. SoSoValue data shows $935.39 million in cumulative net inflows as of Dec. 8, while assets under management reached $923.71 million at the same point. During the inflow streak, XRP ETFs recorded their largest single-day inflow of $243.05 million on Nov. 14, the first major allocation window in the launch period.
Data from the same period placed XRP price near the $2.00–$2.10 range. That level held while ETF products absorbed hundreds of millions of dollars in underlying XRP. Garlinghouse pointed to Vanguard Group’s decision to allow brokerage clients to trade crypto spot ETFs, including XRP products, on its platform.
Vanguard previously excluded crypto ETFs from its brokerage offering. Its recent decision opened access to tens of millions of existing brokerage and retirement accounts. This move likely widened XRP’s buyer base beyond crypto-native traders and hedge funds, toward long-horizon investors that use tax-advantaged and managed portfolios.
Garlinghouse described the pattern as “pent-up demand for regulated crypto products”, now channeled through platforms that many U.S. investors already use for stocks and traditional ETFs.
Further Reading: XRP Sees Brutal Short-Side Dominance as ETFs Pour In — Can the Lopsided Derivatives Market Backfire?
XRP’s Inflow Pace in Context With Other 2025 Crypto ETFs
Following regulatory approval of generic listing standards, many spot-crypto ETFs were filed and several funds—including those for XRP and Solana—have already launched in 2025 Within that group, SoSoValue data places XRP near the upper end of early inflow performance. By early December, U.S. XRP spot ETFs reached cumulative net inflows of about $897–935 million, depending on the exact cutoff date.
During the same period, reports put Solana spot ETF cumulative inflows near $623–640 million, with total Solana ETF AUM around $890–910 million. For Hedera (HBAR), public ETF data shows a far smaller footprint, with early AUM and inflows in the tens of millions of dollars rather than the hundreds of millions.
The numbers show that XRP’s early ETF demand sits in the top tier of 2025 launches by inflow scale, alongside Ethereum products and ahead of other single-asset crypto funds that started during the same rule-change window. Crossing $1 billion in AUM in under a month does not guarantee future performance. It does, however, confirm that XRP now occupies a meaningful slot in the regulated ETF system, with demand coming from both institutional desks and traditional brokerage users.
Ripple’s $500M Share Sale and $40B Valuation
Corporate activity around Ripple has moved in parallel with the ETF and regulatory developments. In November, Ripple completed a $500 million share sale that valued the company at about $40 billion.
The funding round, led by firms such as Fortress Investment Group and Citadel Securities, came after Ripple reported strong payment volumes and expanded its product set to include stablecoins, custody services, and treasury solutions alongside XRP-linked offerings.
Analysts view that valuation as a separate corporate signal, but it contributes to the backdrop in which institutional desks assess XRP’s long-term role in payment and liquidity infrastructure.
