Key Highlights
- 20, 2025 at 12:10 pm UTC Share Cover art/illustration via CryptoSlate.
- Image includes combined content which may include AI-generated content.
- Four XRP spot ETFs now trade in the US, with combined assets of $941.7 million as of Dec.
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- Grayscale's GXRP holds $148.1 million, Canary Capital's XRPC $373.6 million, Franklin Templeton's XRPZ $189 million, and Bitwise's XRP ETF $215.6 million. That stack grew from roughly $336 million at launch in November to current levels in under two months, front-loading a lot of excitement into a narrow window. XRP now runs two parallel stories: an ETF layer that has already captured regulated US demand, and a payments and infrastructure layer that still has to prove it can stand on its own if those flows plateau. The question isn't whether XRP has generated interest for its ETF products, it's whether the asset has durable demand anchored in cross-border flows, stablecoin rails, and persistent liquidity that survives when ETF AUM stops climbing. ETF exposure has already outgrown the $293 million of RLUSD sitting on XRPL as of Dec.
