XRP Spot ETFs Surpass $1 Billion in Assets Under Management
- XRP spot ETFs have reached approximately $1.14 billion in assets under management across five issuers.
- Net inflows since November 14 total around $423.27 million.
- XRP’s current price is about $1.88, with a market cap of $114.11 billion and a daily trading volume of approximately $382.14 million.
- The ETFs hold roughly 600 million XRP, representing about 1% of the circulating supply of nearly 60.67 billion XRP.
- Daily average inflows amount to roughly $12 million over the past month, indicating steady demand but not dominant price influence.
While XRP ETFs have surpassed the significant milestone of $1 billion in assets, their impact on price remains muted due to various market dynamics, including known supply schedules and hedging activities by authorized participants.
Despite the impressive AUM figure, XRP’s stagnant price reflects that net creations and actual demand are critical for influencing market movements, as evidenced by the ongoing flat trading around $1.88 per token.
