XRP ETFs: A Millionaire’s Dream or a Crypto Con?

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Oh, what a marvel! The XRP spot ETFs have raked in $643.92 million in their first month-💰🎉 A veritable treasure trove for those who dare to dance with the digital gods! 🧙‍♂️

Day after day, the inflows flowed like wine at a feast! The most glorious days? November 14th (💰$243.05 million!) and November 24th (💰$164.04 million!). A true testament to the power of… well, maybe not the market, but the marketing! 📈

Trading Volume: Resilient as a Squirrel on a Rollercoaster

The leading issuers-Grayscale, Franklin Templeton, Bitwise, and Canary-collectively drove steady inflows across US exchanges. 🧠 A symphony of institutional greed! 🎶

Together, the four funds brought ETF-held XRP above 0.5% of total circulating supply, indicating early institutional interest. A tiny sliver of the market, but enough to make the crypto crowd go “Oooh!” 🤭

The ETFs generated a total value of $38.12 million in trading on November 26 alone. A day so glorious, even the bears wept. 🥲

However, XRP’s market price remained volatile. The token traded around $2.23 as ETF demand offset wider crypto-market weakness. Oh, the drama! 🎭

Meanwhile, other major asset managers are looking to enter the XRP ETF race. 21Shares is expected to launch its spot ETF on Monday as WisdomTree’s application remains under review. A race to the finish, or a race to the bank? 🏁

Early Signs Point to Sustained Institutional Demand

ETF inflows increased on nine of the past ten sessions. The most recent daily total showed $21.81 million entering XRP ETFs on November 26. A true testament to the power of… well, maybe not the market, but the marketing! 💼

This inflow streak suggests institutions are still building exposure. It also reduces liquid supply on exchanges, as ETF custodians move XRP into regulated storage. A game of chess, but with more emojis. 🧩

Franklin Templeton disclosed 32.04 million XRP held in its ETF by November 25, signalling continued accumulation. A man with a plan, and a wallet full of XRP! 🧠

This steady inflow pattern in the first month is positive for new crypto ETFs and reflects improved regulatory clarity for XRP products.

Meanwhile, XRP wasn’t the only altcoin to receive an ETF greenlight over the past week. Dogecoin, HBAR, and Litecoin spot ETFs also started trading earlier this month.

However, these funds did not receive any notable interest from institutional investors. Bitwise and Grayscale’s DogeCoin ETF only attracted around $2 million in inflows in their first 48 hours of trading. A true “dog” of a performance. 🐕💸

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2025-11-28 23:36