Ripple CEO: XRP ETFs Approach $1B With Institutional Demand Rising

  

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XRP exchange-traded funds (ETFs) have rapidly grown, approaching $1 billion in total assets. Ripple CEO Brad Garlinghouse believes the growth is just the beginning. He emphasized that the market for crypto ETFs, including XRP ETFs, remains in its early stages.

Garlinghouse highlighted the increasing institutional interest in XRP ETFs. He pointed out that institutional players, once cautious due to regulatory concerns, are now entering the market. This shift is evident through Ripple’s prime-brokerage platform, where institutional clients are progressively increasing their exposure to crypto.


Strong Institutional Demand Fuels XRP ETF Growth

XRP ETFs have seen an influx of over $700 million in investments in just the past two to three weeks. Garlinghouse attributes this surge to pent-up demand for crypto exposure. With XRP ETFs, investors now have a way to gain exposure without needing self-custody.


The momentum continues to build as more traditional finance giants enter the crypto space. Vanguard, a major asset manager, recently listed a full suite of XRP spot ETFs on its platform. This move marks a shift in Vanguard’s long-standing position against crypto products.

Vanguard’s decision to support XRP ETFs is a milestone in traditional finance. Analysts believe this could mirror the impact gold ETFs had on precious-metals investing. The increased availability of XRP ETFs could provide mainstream investors with easier access to digital assets.

As of the latest data, XRP ETFs hold $906.46 million in assets. This figure includes $874.28 million in net inflows over the past 14 trading days. The recent trend shows no outflows, underscoring investor confidence in XRP ETFs.


XRP ETFs Continue to Attract New Investments

The strong demand for XRP ETFs is highlighted by major investments in recent weeks. Canary Capital, Grayscale, Bitwise, and Franklin have all contributed to the surge in new investments. Just this past Wednesday, XRP ETFs received $50.27 million in new inflows.

21Shares has also gained approval for a spot XRP ETF on the Cboe BZX. Trading is set to begin soon, adding to the growing list of XRP ETF offerings. This approval signals further acceptance and recognition of XRP ETFs in the traditional finance space.

XRP ETFs continue to gain traction, approaching $1 billion in total assets. Ripple CEO Brad Garlinghouse sees this growth as part of a larger trend. He believes the crypto ETF market is still in its infancy and will continue to expand.


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