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Ripple CEO hails billion-dollar XRP win
Yahoo Finance· 2025-12-08 23:07
Core Insights - Ripple's CEO Brad Garlinghouse emphasized that U.S. spot ETFs linked to XRP have rapidly reached $1 billion in assets under management, marking the fastest growth since Ethereum ETFs [1] - The total net inflow for spot XRP ETFs has reached $897.35 million as of December 5, according to SoSoValue [1][2] - There is significant institutional demand for XRP, as noted by Canary Capital's CEO Steven McClurg [2] ETF Performance - Spot Bitcoin ETFs launched in January 2024 have accumulated $57.62 billion in total net inflow, with BlackRock leading at $62.52 billion [3] - Spot Ether ETFs launched in July 2024 have seen a total net inflow of $12.88 billion, with BlackRock again at the forefront with $13.09 million [4] - Specific XRP ETFs include: - Canary XRP ETF: $363.85 million - Grayscale XRP Trust ETF: $211.85 million - Bitwise XRP ETF: $187.14 million - Franklin XRP ETF: $134.50 million [5] Market Overview - The total crypto market capitalization is currently at $3.08 trillion, reflecting a 0.8% decrease in the last 24 hours [6] - Bitcoin is trading at $90,303.14, down 1.2%, while Ethereum is at $3,123.77, down 0.5% [6] - XRP is trading at $2.08, also down 0.5%, despite attempts to recover [6]