November 2025 – XRP spot ETFs have recorded $643.92 million in cumulative net inflows during their first month of trading, according to data from SoSoValue. The products now hold $676.49 million in total net assets, representing approximately 0.50% of XRP’s market capitalization.
Daily inflows were positive for most of the month, with standout sessions including $243.05 million on November 14 and $164.04 million on November 24.
Trading Volumes Hold Steady Amid Price Volatility
Leading issuers—including Grayscale, Franklin Templeton, Bitwise, and Canary—drove consistent inflows across U.S. exchanges. Collectively, these funds now hold more than 0.5% of XRP’s total circulating supply, signaling early institutional interest in the token.
Trading volumes remained resilient despite XRP price swings. On November 26 alone, ETFs generated $38.12 million in trading value, while earlier spikes coincided with large inflows. XRP traded around $2.23 during these sessions, as ETF demand offset broader crypto-market weakness.
Other asset managers are preparing to enter the XRP ETF market. 21Shares is expected to launch its spot ETF on Monday, while WisdomTree’s application remains under review.
Institutional Demand Shows Early Signs of Sustainability
ETF inflows increased on nine of the past ten trading sessions, including $21.81 million on November 26. This trend suggests continued institutional accumulation and reduces liquid XRP supply on exchanges, as ETF custodians transfer assets into regulated storage.
Franklin Templeton reported holding 32.04 million XRP in its ETF by November 25, further highlighting steady accumulation. Analysts note that this inflow pattern is positive for new crypto ETFs and reflects improving regulatory clarity for XRP products.
Other Altcoin ETFs See Limited Institutional Interest
While XRP ETFs have attracted strong inflows, other recently launched altcoin ETFs—Dogecoin, HBAR, and Litecoin—have received minimal institutional attention. Bitwise and Grayscale’s Dogecoin ETF, for example, only drew around $2 million in inflows in its first 48 hours of trading.
The early success of XRP ETFs underscores renewed institutional appetite for regulated crypto exposure, setting a potential benchmark for future digital-asset products.