The Ripple CEO recently disclosed that the XRP ETF products have hit the $1 billion AuM milestone, making it the fastest to reach this milestone since Ethereum.
Following the launch of the spot Bitcoin ETFs in January 2024, which showed Wall Street how successful crypto products can get when they command enough attention, the focus shifted to altcoin ETFs. Seven months later, Ethereum ETFs emerged in July 2024, and Solana products followed in October 2025.
XRP, which faced some delays, witnessed its own breakthrough in November with the launch of the Canary Capital XRP ETF (XRPC). Today, XRP has become the fastest since Ethereum to reach the milestone of $1 billion in assets under management (AuM) despite only having four funds for now.
Ripple CEO Spotlights the XRP ETF Milestone
Garlinghouse called attention to this feat in a recent post on X, confirming that the four XRP ETFs reached this milestone in less than four weeks. The Ripple CEO then commented on the growing list of spot and futures crypto ETFs since the spot Bitcoin products launched in 2024, with the U.S. SEC approving more than 40 of these products this year alone.
According to him, the surge in crypto ETFs shows clear, growing demand for regulated crypto asset products. He explained that Vanguard’s decision to open crypto access within standard retirement and trading accounts now allows millions of Americans to enter the market without needing deep technical knowledge.
Garlinghouse also stressed that this rising wave of “off-chain” crypto holders cares more about underrated themes like longevity, stability, and community. Essentially, these factors increasingly guide how new investors think, what they trust, and how they decide which projects deserve their commitment.
XRP ETFs Now Boast $1.23B in AuM
Since the Ripple CEO’s disclosure just hours ago, the XRP ETF products have added more capital to their net assets following the $30.04 million worth of inflow from Monday, Dec. 8. Today, the products now hold 597.093 million XRP tokens, currently worth $1.230 billion at the current XRP price of $2.06.
XRP’s push to the recent milestone began on Nov. 13 with the success the Canary Capital XRP ETF recorded on its debut day. Specifically, XRPC saw about $245 million in net inflows, setting the stage for the successes of the other three products from Bitwise, Grayscale, and Franklin Templeton.
Of the $1.230 billion cumulative NAV, Canary’s product takes the largest share, boasting 335.889 million XRP worth $691.93 million at press time. Essentially, Canary makes up 56.2% of the cumulative net assets of all four funds.
Meanwhile, the Grayscale XRP ETF accounts for 104.381 million XRP worth $215 million or 17.47% of the total. For Bitwise, the firm’s XRP product holds 93.827 million XRP valued at $193.284 million, representing 15.7% of the cumulative NAV. Franklin Templeton, which has the lowest share, boasts an NAV of 62.99 million XRP worth $131.829 million or 10.71% of the total.
However, it is important to note that the $1.23 billion figure represents total net assets in the products and not net inflows. Specifically, following the latest $30 million net inflow on Monday, the XRP ETFs now command about $935.39 million in cumulative net inflow.
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