U.S. spot
Introduced on Nov. 14, the ETFs have experienced a 15-day inflow streak that has seen them accumulate a net $897.35 million, according to SoSo data. Funds from Canary Capital, Grayscale, Bitwise and Franklin Templeton accounted for most of the inflow.
“It will absolutely continue this momentum and reach the milestone shortly. The pathway is already cleared,” Greenspan said in an interview with CoinDesk
“In many ways, XRP is being swept up in the broader institutional wave simply because it already has the liquidity, the brand, and now the green light from regulators. That doesn’t mean renewed excitement about the tech itself, but it does explain the strong ETF inflows.”
Institutions are encouraged by the end of the court case between Ripple and the U.S. Securities and Exchange Commission in August, which concluded that XRP is not a security, though fined the company $125 million for securities law violations.
“Institutions are responding to its newfound regulatory clarity, its current market position and long operational history,” Greenspan said. However, “XRP hasn’t shown the same pace of innovation or user-driven traction as some of the newer networks, but legacy matters.”
Over-the-counter (OTC) desks have helped sustain inflows during a period of broader market sell-offs that hit bitcoin
XRP ETFs’ streak establishes them among the fastest-growing class of major crypto-asset vehicles. Exceeding the $1 billion milestone in under a month could be seen as signaling significant acceptance and liquidity for the asset within traditional finance markets.