U.S. spot XRP exchange-traded funds are on the verge of crossing $1 billion in net inflows—a milestone that would mark the most successful altcoin ETF rollout to date and strengthen the regulatory playbook for future utility-token products. The surge also reflects a resurgence of institutional confidence in XRP following Ripple’s courtroom victory over the SEC.
Since going live on Nov. 14, the XRP ETFs have posted 15 consecutive days of inflows, bringing in a combined $897.35 million, per data from SoSo. Most of the capital has flowed into products issued by Canary Capital, Grayscale, Bitwise and Franklin Templeton. Quantum Economics founder Mati Greenspan said the $1 billion mark is now only days away.
“The momentum is already established. There’s nothing standing in the way of this milestone,” Greenspan told CoinDesk.
According to Greenspan, the wave of inflows is less about excitement over XRP’s technology and more about its positioning at a moment when institutions are pushing deeper into crypto. “XRP has the liquidity, the brand, and now regulatory clearance,” he said. “That’s what’s driving ETF demand—not a sudden revival of tech-driven enthusiasm.”
Institutional appetite has notably improved since the August ruling that declared XRP is not a security, though Ripple was fined $125 million for earlier securities violations. The decision offered the clarity many investors had been waiting for.
“Institutions are leaning into its regulatory certainty, long track record and established role in the market,” Greenspan said. “It may not be innovating as rapidly as the newer chains, but its longevity carries weight.”
Over-the-counter desks have also bolstered inflows during a period of broader crypto weakness that hit bitcoin (BTC) and ether (ETH), according to research from Investing. OTC sourcing has helped XRP ETFs maintain steady institutional participation and avoid some of the volatility that accompanied the early BTC and ETH ETF launches.
If net inflows cross $1 billion in under a month, XRP ETFs will rank among the fastest-growing crypto investment vehicles on record—an indication of deepening liquidity and growing acceptance of the asset across traditional financial markets.
