XRP Becomes Fastest Crypto ETF Since Ethereum to Hit $1B AUM

XRP just pulled off a major Wall Street flex. In less than four weeks, U.S. spot XRP exchange-traded funds crossed $1 billion in assets under management. That makes XRP the fastest crypto ETF to hit this level since Ethereum. Ripple CEO Brad Garlinghouse confirmed the milestone on X. He called it clear proof that demand for regulated crypto products is not slowing down. Instead, it is speeding up.

Right now, only four XRP ETFs exist in the U.S. Yet together, they already hold about 597 million XRP. At current prices, that stash is worth roughly $1.23 billion. That number reflects total assets, not just fresh inflows. Meanwhile, net inflows now stand near $935 million. The surge began on November 13. That was the launch day of the Canary Capital XRP ETF. It pulled in about $245 million in a single session. Since then, products from Bitwise, Grayscale, and Franklin Templeton joined the race and kept the momentum alive.

Canary Takes the Lead as Institutions Pile In

Not all XRP ETFs are growing at the same pace. Canary ’s fund leads by a wide margin. It now holds around 336 million XRP. That stake alone is worth close to $692 million. It makes up more than 56% of all XRP ETF assets. Grayscale ranks second. Its XRP ETF holds about 104 million tokens, valued near $215 million. Bitwise follows with roughly $193 million in XRP. Franklin Templeton holds the smallest share at about $132 million. This balance shows where early institutional money feels most comfortable. Still, all four products continue to see steady interest.

Brad Garlinghouse also linked this growth to a bigger shift in U.S. investing. Vanguard and other platforms now allow crypto exposure inside traditional retirement and trading accounts. That single change unlocks access for millions of Americans overnight. As a result, people no longer need to manage wallets or learn blockchain tools to gain XRP exposure. They can just tap “buy” like they would for any stock or bond. Clean. Simple. No stress.

New “Off-Chain” Investors Are Changing the Game

Garlinghouse also highlighted a quiet but powerful trend. Many new crypto investors today do not interact with blockchains directly. They invest through ETFs. He called them “off-chain” holders. This group thinks differently. They care less about technical details. Instead, they focus on longevity, stability and community strength. According to Brad Garlinghouse, these traits now play a major role in where long-term capital flows. That shift helps explain why XRP gained traction so fast after its ETF debut. The asset already carries a long history, a global brand and an active user base. For traditional investors, that familiarity matters.

XRP’s Regulated Momentum Keeps Building

Beyond ETFs, XRP also gained traction in U.S. derivatives markets. Bitnomial secured approval to clear physically settled XRP futures under CFTC oversight. That move gave XRP one of its first fully regulated U.S. futures listings. Together, spot ETFs and regulated futures create a strong institutional backbone. They also deepen liquidity and market access.

After years of legal battles and regulatory uncertainty, XRP now sits in a very different place. Specifically, it moves through retirement accounts, it trades in regulated ETF wrappers, and it settles through licensed clearinghouses. Therefore, the message is simple: XRP is no longer knocking on Wall Street’s door. It already walked inside and took a seat and at this pace, it does not look like it plans to stand up anytime soon.