Home / Business and Economy / XRP ETFs Capture $985M in Weeks, $5B Target in Sight
XRP ETFs Capture $985M in Weeks, $5B Target in Sight
8 Dec
Summary
- XRP ETFs reached $985 million in assets within weeks of launch.
- Canary XRP ETF debuted with record flows, now leads the pack.
- Analysts predict XRP ETFs could exceed $5 billion in assets soon.
Exchange-traded funds (ETFs) focused on XRP have quickly garnered substantial investor interest, reaching approximately $985 million in assets under management as of December 4th. This impressive inflow, achieved within weeks of their debut, highlights a significant demand for accessible XRP investment vehicles. The REX-Osprey XRP ETF was the first U.S. spot product, followed swiftly by the Canary XRP ETF, which has since become the largest fund in the group.
The rapid accumulation of assets suggests a pent-up demand from investors who were seeking a straightforward way to gain exposure to XRP. While the current AUM represents a small fraction of XRP's overall market capitalization, the growing inflows are seen as a precursor to potential upward price pressure. The broadening distribution channels provided by these ETFs are expected to facilitate further growth.
Industry observers predict that these XRP ETFs could surpass $5 billion in assets under management within the next few quarters. This projection is based on the continued strong performance and the expectation that more investors will utilize these products for their XRP exposure, indicating a widening of market access and potential for future price appreciation.
