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HomeCrypto NewsMarketHere is the List of All XRP ETFs Available to Vanguard’s 50M Clients

Here is the List of All XRP ETFs Available to Vanguard’s 50M Clients

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Amid Vanguard’s support for crypto ETFs, community figures have compiled a list of all XRP ETFs available to the asset manager’s 50 million clients. 

The crypto industry continues to celebrate Vanguard’s decision to allow its clients to trade crypto ETFs through their brokerage accounts. Beyond opening access to Bitcoin and Ethereum products, the $11 trillion asset manager also enabled its users to trade spot and derivatives XRP ETFs

List of XRP ETFs on Vanguard 

In a tweet, XRP community figure Chad Steingraber compiled a complete list of XRP ETFs now available to Vanguard clients. His list features both spot and leveraged investment products linked to the token.

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Notably, the spot XRP ETFs include the Bitwise XRP ETF (XRP), the Canary XRP ETF (XRPC), the Franklin XRP ETF (XRPZ), the CoinShares XRP ETF (XRPL), and the Rex-OSPREY XRP ETF (XRPR).

Meanwhile, the leveraged offerings consist of the Volatility Shares 2X XRP ETF (XRPT), the Teucrium 2x Long Daily XRP ETF (XXRP), the ProShares Ultra XRP ETF (UXRP), the Volatility Shares XRP ETF (XRPI), and the Amplify XRP 3% Monthly Premium Income ETF (XRPM). 

These XRP ETFs are now available to Vanguard’s 50 million clients, marking a major milestone that many believe could drive significant demand for the products. 

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Cumulative Net Inflows Spike 8.9% in One Day 

Notably, net inflows into spot XRP ETFs have surged since Canary XRP ETF, the first spot XRP ETF in the U.S., launched in mid-November. As of December 1, a day before Vanguard opened access, cumulative net inflows totaled $756.26 million.

By the close of trading yesterday, inflows had risen to $824 million, representing an impressive 8.95% increase over 24 hours.

These inflows came from four spot XRP ETFs: Canary ($355.21 million), Bitwise ($177.19 million), Grayscale ($169.76 million), and Franklin ($121.85 million). 

Cumulative net inflows into XRP ETFs
Cumulative net inflows into XRP ETFs

So far, these ETFs have not recorded any outflows. As inflows continue to rise, community figures like Steingraber believe this milestone could significantly reduce the amount of XRP available on exchanges. This is because spot XRP ETF issuers will need to keep accumulating XRP to back the shares they issue, tightening supply over time. 

Interestingly, additional spot XRP ETFs, such as the newly approved 21Shares XRP ETF and the upcoming WisdomTree product, are also expected to become accessible to Vanguard clients soon. Once trading begins, cumulative net inflows could climb significantly from current levels. 

DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

Author

Lele Jima
Lele Jima
Lele Jima is a cryptocurrency enthusiast and journalist who is focused on educating people about how the nascent asset class is transforming the world. Aside from cryptocurrency-related activities, Jima is a lover of sports and music.

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