XRP ETFs Record $643 Million in Net Inflows in First Month as Demand Surges

Core Insights - XRP spot ETFs recorded $643.92 million in cumulative net inflows during their first month of trading, capturing 0.50% of XRP's market capitalization [1][7] - Daily inflows remained positive for most of the month, with notable sessions of $243.05 million on November 14 and $164.04 million on November 24 [1][3] - The leading issuers, including Grayscale, Franklin Templeton, Bitwise, and Canary, drove steady inflows across US exchanges, indicating early institutional interest [2] Trading Activity - The ETFs generated a total trading value of $38.12 million on November 26, with higher trading volumes earlier in the month coinciding with large inflow spikes [3] - Despite XRP's market price volatility, trading around $2.23, ETF demand helped offset wider crypto-market weakness [3] Institutional Demand - ETF inflows increased on nine of the past ten sessions, with $21.81 million entering XRP ETFs on November 26, suggesting sustained institutional demand [5] - Franklin Templeton disclosed holding 32.04 million XRP in its ETF by November 25, indicating continued accumulation [6] Market Developments - Other major asset managers, such as 21Shares and WisdomTree, are looking to enter the XRP ETF market, with 21Shares expected to launch its spot ETF soon [4] - Regulatory clarity for XRP products has improved, contributing to the positive inflow pattern observed in the first month of trading [7]