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>>Analyzing the First Month of XRP ETFs: Highlights, Shortcomings, and Challenges

Analyzing the First Month of XRP ETFs: Highlights, Shortcomings, and Challenges

crypthub

4 days ago

Regulatory Shift and ETF Rollout

After the 2024 U.S. elections, regulators softened their stance on crypto, prompting issuers to file spot ETFs for major altcoins. Ripple’s XRP quickly became a focal point, with Canary Capital’s XRPC debuting in November and 21Shares launching TOXR in December. Additional products from Grayscale, Bitwise, and Franklin Templeton followed within weeks. The market now hosts five distinct XRP‑linked ETFs.

Trading Volume and Capital Inflows

XRPC’s first day set a 2025 record, moving just under $60 million in volume and attracting $243 million in net inflows. Since then, cumulative inflows have risen to roughly $974.5 million, pushing total net assets above $1.18 billion. All trading days after the debut have shown positive net flow. The rapid capital accumulation signals strong investor appetite for XRP exposure.

Impact on XRP Price

Despite the influx of funds, XRP’s price has fallen about 20 % in the first month. It peaked near $2.60 before the XRPC launch, slipped below $2.00 during the late‑November dip, and briefly touched $1.85. The token has since recovered to just above the $2.00 support level. Thus, robust ETF inflows have not translated into proportional price gains for XRP.