The first U.S. spot‑XRP ETF is already trading. REX Osprey’s XRPR, offering spot exposure, began September 18, 2025 (about $96M AUM at the time of writing), while pure grantor‑trust spot ETFS followed in November, including Bitwise‘s on November 20 and Franklin Templeton‘s XRPZ on November 24.
Ripple’s own unit seeded both later funds with hundreds of millions in XRP: 21Shares’ TOXR fund launched on Cboe BZX on December 11 after clearing listing December 10, and Canary Capital’s XRPC (Nasdaq) launched on November 13, whileCoinShares’ XRPL has filings in play.. All five major issuers (Franklin, Bitwise, 21Shares, Canary, CoinShares) have ticker symbols added to Depository Trust & Clearing Corporation (DTCC).
Global XRP Products: Europe & Asia Lead the Charge
Outside the U.S., institutional interest is growing. In Hong Kong, HashKey Capital debuted Asia’s first XRP tracker fund (cash and in‑kind subscriptions, for professional investors) in April 2025, with Ripple as anchor investor.
In Europe, WisdomTree rolled out a physically‑backed XRP ETP (XRPW) on Deutsche Börse Xetra, SIX, and Euronext in November 2024. That fund holds 100% XRP, uses regulated custodians, and charges a 0.50% fee.
Bitwise has offered XRP exposure in Europe since acquiring ETC Group in 2024 (rebranded as GXRP). These products mirror U.S. ETFs under local regimes, easing cross‑border access to XRP.
XRP ETF Inflows Hit $1.4B Amid Flat Price Action
The ETF narrative has not yet driven a sustained price breakout. Initial launches were lacklustre. XRP dipped on Canary’s November 13 debut. By Q4 2025, XRP oscillated around $1.8–$2.4. Inflows have been strikingly steady, however. U.S. XRP ETFs drew $164M on Day 1 and never saw a net outflow day thereafter. By December 16, cumulative inflows crossed $1.0 billion, and by year‑end, totaled ~$1.18 billion with ~$1.37 billion in net asset value (NAV), per data from SosoValue. As of January 6, 2026, inflows have reached ~$1.37 billion (e.g., $43 million+ last week) with continued positive flows.
Notably, on December 31, the funds took in $5.58M net, buoying XRP 11% that session. In contrast, on the same day, U.S. spot Bitcoin and Ether ETFs shed large sums ($357.7M outflow for Bitcoin, $224.8M for Ether).
Analysts note that XRP ETF flows appear to be “structural,” with investors treating them as a hedge or portfolio allocation rather than a trade. Price drift has remained hostage to broader crypto sentiment and regulatory caution, even as inflows pile up.
Institutions Warm to XRP ETFs: Cautious But Growing
Institutional interest is cautious but growing. Fee structures are competitive: most XRP spot funds charge 0.30–0.75%. 21Shares’ TOXR charges 0.30%; Franklin’s XRPZ and Bitwise’s XRP ETF charge ~0.30–0.34% (Bitwise waived its fee for the first month on the first $500M). REX’s XRPR carries a 0.75% expense ratio.
Custody is handled by major players: Coinbase Custody (and anchors like Anchorage Digital Bank/BitGo) are common across these products. Despite inflows, heavyweight allocators are still tentative.
BlackRock, for example, has sat out XRP filings, focusing on its Bitcoin and Ethereum ETFs instead. On the other hand, managers pitch XRP’s utility: David Mann, Head of ETF Product and Capital Markets at Franklin Templeton, calls XRP “foundational” for cross‑border settlement. WisdomTree’s Dovile Silenskyte, Director, Digital Assets Research, notes that “altcoin exposures like XRP could outperform a standard bitcoin and ether allocation” in a risk‑on regime.
Competing crypto ETFs are also drawing institutional dollars. For example, spot Solana funds have quietly amassed approximately $792 million in total cumulative net inflows since their U.S. debut in late October 2025. Meanwhile, XRP’s early and uninterrupted flows suggest a distinct appetite for a regulated entry into Ripple’s payments narrative.
XRP’s ETF Era: Steady Acceptance Builds
XRP has crossed an important line. It now trades inside regulated ETF wrappers in the U.S., Europe, and Asia. Capital is flowing, but cautiously. Institutions are testing structure and compliance, not expressing long-term conviction.
The ETF story removes one barrier. It does not resolve XRP’s core question. Utility, adoption, and risk tolerance still matter more than access. Until those pieces align, XRP ETFs will function as exposure tools, not belief instruments.
Acceptance has arrived. Endorsement is slowly but surely underway.
Author: Ayanfe Fakunle
The editorial team at #DisruptionBanking has taken all precautions to ensure that no persons or organizations have been adversely affected or offered any sort of financial advice in this article. This article is most definitely not financial advice.
See Also:
Is There a 2030 Roadmap for XRP? | Disruption Banking
How Strong Will XRP Be in 2026? | Disruption Banking
21Shares Plants European Flag on Wall Street with First U.S. XRP ETF | Disruption Banking
