It’s been over a month since the first spot XRP ETF started trading on Wall Street on November 13. This event was a big deal because it had a record-breaking first-day trading volume of almost $60 million. Since then, four more XRP ETFs have launched, but while the demand for these funds has slowed down, they are still much more popular than most other cryptocurrency ETFs.
What Are XRP ETFs, and What’s Happening?
ETFs, or Exchange-Traded Funds, are financial products that allow people to invest in assets without owning them directly. The XRP ETFs let investors track the value of Ripple’s cryptocurrency, XRP, without needing to buy the cryptocurrency itself. You can learn more about ETFs here.
The first of these funds, called XRPC, was launched by Canary Capital on November 13. It had a fantastic first day, raking in $240 million from investors. Afterward, Grayscale’s GXRP, Bitwise’s XRP, Franklin Templeton’s XRPZ, and 21Shares’ TOXR also launched their own XRP ETFs.
Fast forward 25 trading days, and these five funds have not experienced a single day of net outflows. This means that more money has flowed into the funds than out of them every single day. Together, these funds have now gathered $1.070 billion in net inflows by Friday’s close, according to tracking data from SoSoValue. Last week alone, these ETFs gained $82.04 million from investors.
XRPC is currently the most popular of these ETFs, gathering $384 million in total net inflows. It is followed by GXRP, XRPZ, and XRP funds. The TOXR fund is not as popular, with only $23.05 million in net inflows so far.
How Are These ETFs Performing Compared to Others?
Although the demand for XRP ETFs has gone down slightly in recent weeks, they are still doing better than ETFs for Bitcoin, Ethereum, and Solana.
For instance, last week, spot Bitcoin ETFs saw net outflows (money being taken out) of almost $500 million. Ethereum ETFs haven’t seen any positive net inflows since December 10. In the past week alone, Ethereum ETFs lost nearly $650 million.
Solana funds, on the other hand, are doing a bit better. They have seen positive inflows for the past 12 days straight. However, they still don’t match the performance of XRP ETFs, as Solana funds had net inflows of $66.56 million last week, which is lower than the $82.04 million gained by the XRP funds.
Why Are People Buying XRP ETFs?
So why are XRP ETFs so popular? Is it because they’re new, and new things tend to capture attention? This might partly be the case, but that doesn’t explain everything. For instance, spot Dogecoin ETFs are also new but have only managed to gain $2 million so far.
The popularity of XRP ETFs could be due to the recent successes of Ripple, the company behind XRP. Ripple is a blockchain company that supports global payments using cryptocurrency. You can read more about Ripple here.
Ripple has had an excellent year. In 2025, the company achieved many key milestones, such as forming new partnerships, acquiring licenses, and concluding a lawsuit with the SEC. The SEC lawsuit had investigated whether Ripple was violating rules with its use of XRP. The resolution of this legal case likely boosted investor confidence in Ripple.
Some of Ripple’s recent accomplishments include getting approval from the USOCC to launch a Ripple National Bank Trust. Additionally, Ripple started working with a financial organization called AMINA Bank, based in Switzerland. These achievements could be making Ripple and XRP ETFs more attractive to investors.
Conclusion
Overall, while XRP ETFs have shown impressive growth and popularity, their success seems to be closely tied to the positive developments involving Ripple itself. Although their demand has slowed slightly, these funds continue to outperform their counterparts in Bitcoin, Ethereum, and Solana. Ripple’s steady progress and strong performance in 2025 have made XRP ETFs a favorite choice for many investors.