Key Highlights
- XRP spot ETFs have crossed $1 billion in total inflows amid strong interest from investors.
- The Canary XRP ETF (XRPC) is the largest, holding $349 million, followed by XXRP and other major ETFs.
- XRP price dropped 1.22% to $2.04, but analysts see potential for a rebound.
XRP spot ETFs have crossed $1 billion in total inflows, marking a notable milestone for newly launched crypto funds.
These ETFs have recorded 13 days in a row of new money coming in. According to data from TheBlock, this brings in a total inflow of $1.095 billion in assets across different XRP ETF products.
The largest product in the list is the Canary XRP ETF (XRPC), which holds $349 million. It is followed by the Teucrium 2x Long Daily XRP ETF (XXRP) with $247.4 million. Volatility Shares appears twice on the list with two futures-based products: XRPI with $162.7 million and XRPT with $125.1 million.
More spot exposure comes from the REX-Osprey XRP ETF (XRPR) with $111.3 million, while ProShares’ Ultra XRP ETF (UXRP) controls $78 million. Grayscale’s XRP ETF (GXRP) currently shows $12.7 million, and Purpose Investments’ XRP ETF (XRPP.U) has $6.7 million in assets. The smallest product on the list is the Franklin Templeton XRPZ ETF, which holds $2.4 million but continues to record steady activity since launch.
XRP drops 1.22% in 24 hours
XRP has dropped by 1.22% in the last 24 hours, bringing its price to $2.04, according to CoinMarketCap. This follows a bearish mood across the crypto market, with Bitcoin hovering below $90,000, which pulled many other coins down too.
Despite this, some analysts believe there’s a possibility for a bounce back. Crypto analyst Ali shared a chart suggesting that XRP may be showing a potential TD Sequential buy signal, though resistance remains near $2.50 and support is holding around $2.00, based on TradingView chart data.
ETF momentum and more applications
ETF activity has continued to build momentum. On December 4, spot XRP ETFs brought in $12.84 million in new inflows, led by Franklin Templeton, Bitwise, Canary, and others.
This means many investors are actively buying and selling these products. Since they launched in mid-November, these ETFs have locked up over 400 million XRP tokens.
New XRP ETF products are also entering the market. 21Shares recently received SEC approval to launch its spot XRP ETF under the ticker TOXR. At the same time, REX Shares and Tuttle Capital rolled out a 2x leveraged XRP ETF, giving traders another way to trade XRP with higher risk and higher reward. Early issuers like Canary and Bitwise helped push the category forward.
Also Read: Bitcoin Should Avoid Full Privacy Features Like Zcash: Michael Saylor
