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Pundit Explains Why XRP Escrow is Not Included in Ripple’s $40B Valuation

Mark Brennan
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Pundit Explains Why XRP Escrow is Not Included in Ripple’s $40B Valuation

Pundits have begun speculating why the recent Ripple funding round that pushed its valuation to $40 billion does not include the firm’s XRP escrow holdings.

Ripple’s $40B Valuation

For context, early last month, Ripple announced a $500 million secondary market share sale, valuing the company at $40 billion. This marked the highest valuation for a privately held crypto firm. 

Notably, the round, led by investors including Citadel Securities and Fortress Investment Group, emerged as a share sale at $175 per share, a 135% premium over the past secondary market price of approximately $74 per share. 

Meanwhile, the latest reports from Bloomberg confirmed that the terms of the deal allowed early investors and new participants to secure profits via buyback protections. Specifically, shareholders can sell shares back to Ripple after three to four years at a guaranteed 10% annualized return, unless an IPO occurs before that time.

XRP Escrow 

Interestingly, in a 2024 report, Houlihan Lokey, a leading global investment bank, linked Ripple’s valuation directly to XRP price due to the company’s substantial XRP holdings. Their valuation model was largely impacted by XRP price scenarios, which determined the worth of Ripple’s XRP holdings in each case.

However, XRP community figures have pointed out that Ripple’s latest $40 billion does not account for the company’s large XRP stack, which currently has a value of nearly $80 billion at XRP’s current price of $2.06. Speaking on this, Digital Asset Investor (DAI) questioned why Ripple’s valuation fails to include the firm’s XRP holdings.

Responding to this, Brad Kimes of Digital Perspectives suggested that this may be because Ripple does not solely own the entire XRP balance within the escrow. He pointed out that an escrow puts the assets in the hands of a neutral third party, and Ripple simply manages the process. 

Kimes compared it to how a title company handles a property transfer without owning the property itself. Because of this setup, he said Ripple keeps the escrowed XRP off its books since some of those funds belong to other parties, not the company. However, this remains highly speculative, as Ripple has confirmed it.

The closest a Ripple executive has come to suggesting something similar was when CTO David Schwartz responded to questions about Ripple being able to liquidate the escrow at any time. Specifically, Schwartz confirmed that Ripple could indeed sell the rights to the tokens in the escrow to another entity.

XRP To Reach This Price if it Captures 15% of Global Crypto Market Cap

Mark Brennan
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XRP To Reach This Price if it Captures 15% of Global Crypto Market Cap

We recently evaluated what the XRP price and market cap could rise to if XRP captured about 15% of the global crypto market cap.

As the ongoing market downturn impacts asset prices across the board, the global crypto market cap has collapsed over the past few days. For context, the total crypto market cap hit an all-time high of $4.27 trillion on Oct. 6, about a month ago. 

XRP Valuation Collapses with the Global Market

However, after the Oct. 10 global market crash, it fell below the $4 trillion level and has since failed to regain it. Interestingly, it recovered to a high of $3.9 trillion on Nov. 11 but faced intense resistance in this area. It has since dropped to the current $3.22 trillion. Essentially, since the Oct. 6 peak, the global crypto market cap has lost $1.05 trillion.

WOverthis period, XRP has wexperienced significant pricedeclines iand a decline inmarket cap. Being the third largest non-stablecoin asset, XRP has contributed to the latest drop in global crypto market cap since Oct. 6. Specifically, XRP has lost $40.87 billion in market cap over the past month, now at $137 billion. 

However, despite this decline in market cap, XRP’s market dominance has not observed a comparative drop. Notably, on Oct. 6, XRP had a market dominance of 4.285% with a market cap of $177.87 billion. Today, the market dominance has only dropped to 4.25%, a 0.81% drop despite XRP’s actual market cap collapsing nearly 23%.

This confirms that the broader market collapse has impacted every crypto asset on the top list, spreading across the board. However, XRP’s current market dominance represents a considerable decline from the yearly peak of 5.528% in July, indicating that XRP has gradually lost some of its market share over the past four months.

XRP Price if It Captures 15% of the Crypto Market

Nonetheless, analysts believe XRP would soon recover its market share, with some even suggesting XRP could overtake Ethereum (ETH), which currently has a market dominance of 11.86%. Amid these projections, we recently assessed how much the XRP price and market cap would rise for it to capture 15% of the market.

For perspective, XRP’s peak market dominance is much higher than 15%, having reached a top of 31.3% in early 2017. At this 31.3% dominance, XRP had a market cap of $15.2 billion due to the lower value of the global crypto market cap at the time.

Today, with the crypto market standing at $3.22 trillion, if XRP captured a 15% share, its market cap would grow to about $483 billion, representing a new all-time high in valuation. Meanwhile, considering its current supply of 60 billion tokens, the $483 billion cap would translate to a price of around $8, representing a 252% increase from the current price of $2.27.

Notably, some analysts have predicted a possible XRP rally to the $8 price. For one, market watcher Dark Defender suggested that XRP’s fifth Elliott Wave could take its price to $8. Meanwhile, in September, Cobb argued that there’s no reason XRP will not hit $8 by year-end. 

Here’s the Immediate Shiba Inu Resistance for a Run to $0.00001

Mark Brennan
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Here’s the Immediate Shiba Inu Resistance for a Run to $0.00001

Shiba Inu faces immediate resistance as whale activity surges, signaling potential volatility and price fluctuations.

Shiba Inu (SHIB) currently trades for $0.0000086, marking a 1.4% increase in the last 24 hours. The 24-hour trading range for SHIB lies between $0.00000842 and $0.0000086, with a 24-hour trading volume of $114.97 million. Further, the total market cap stands at $5.048 billion.

Over the past 7 days, SHIB has gained 7.3%, and in the last 14 days, it has increased by 3.6%. The 30-day performance shows a 12.2% decline. Amid this positive short-term stretch, traders are monitoring the next moves closely to assess whether SHIB can maintain momentum or if market corrections will emerge in the near future.

Shiba Inu Price Analysis

Notably, Shiba Inu’s 1-day chart reveals a Bollinger Bands setup that highlights declining price volatility. Currently, the SHIB price is trading just above the middle band (SMA 20), which is situated around $0.000008406.

Shiba Inu 1-Day Chart
Shiba Inu 1-Day Chart

The upper band at $0.000009055 serves as the immediate resistance level, indicating that if SHIB continues upward, it could face challenges breaking through this level. 

On the other hand, the lower band at $0.000007757 represents support, marking a key level where buying pressure could emerge if the price falls towards it. With SHIB recently testing the middle band support level, a launch from this point could lead to a potential retest of the upper band and above.

Looking at the MACD indicator, the histogram shows a transition from bearish to bullish momentum, as the bars have turned green, suggesting that the market sentiment is shifting positively. The MACD line has moved above the signal line, reinforcing the potential for a bullish move.

This crossover could signal further upward price action, especially if the SHIB price holds above the support at $0.000008406. If SHIB breaks through the upper Bollinger Band resistance at $0.000009054, it may aim for higher levels like $0.00001.

SHIB Sees Surge in Whale Activity

Meanwhile, according to Santiment, Shiba Inu has experienced a significant surge in whale activity, reaching the highest level of whale transfers since June 6th. The spike includes 406 whale transactions, each exceeding $100,000 in value. This large-scale movement of funds highlights an uptick in interest from high-net-worth individuals or entities in the SHIB market.

Shiba Inu Whale Transaction
Shiba Inu Whale Transaction

In addition to the increased whale activity, Santiment notes a net addition of 1.06 trillion SHIB to exchanges over the past 24 hours. This suggests that a large volume of SHIB has been moved to exchanges, potentially signaling the preparation for significant trading action.

Santiment predicts that these developments may result in high volatility for SHIB in the coming days, as whale activity and the influx of tokens on exchanges could lead to price fluctuations.

New Bernstein Model Points to Extended Upside for Bitcoin Through 2027

Zabi
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0
New Bernstein Model Points to Extended Upside for Bitcoin Through 2027

Bernstein raised its 2026 price projection for Bitcoin to $150,000, citing stronger institutional participation. 

Additionally, the firm noted a break from the asset’s traditional four-year cycle.

Institutional Demand Is Reshaping Bitcoin’s Market Structure

In its latest analysis, Bernstein says Bitcoin’s market rhythm has shifted. Specifically, the firm notes that institutional flows, rather than retail speculation, now drive the asset’s behavior, creating more stability during periods of volatility.

This shift became evident during the recent market pullback. Spot Bitcoin ETFs saw only about 5% outflows while Bitcoin slid from above $126,000 to the $80,000 range. Bernstein interprets this modest ETF outflow, compared to the 30% drop in Bitcoin’s price, as a sign of a maturing asset class.

Building on this outlook, the firm introduced a new set of projections for Bitcoin. Specifically, it projected $150,000 price for 2026, a potential peak of around $200,000 in 2027, and a long-term path toward $1 million by 2033. 

Tom Lee Backs the Extended Bull-Cycle Thesis

Meanwhile, Bitmine chairperson Tom Lee expressed similar expectations at Binance Blockchain Week. He said the long-standing four-year cycle could break within the next eight weeks as market behavior continues to shift.

Lee has, however, revised his short-term estimates. In an interview with CNBC last month, he cut his year-end target from $250,000 to a level above $100,000. He added that Bitcoin may only potentially retest its October all-time high of $126,200, although he still sees room for a new peak. The adjustment marks his first public softening of earlier projections.

Rate-Cut Expectations Add to Market Momentum

These evolving market views come as investors also weigh broader economic conditions that could shape Bitcoin’s near-term direction. 

With attention turning to the Federal Reserve’s upcoming policy decision, expectations for easing monetary conditions are adding another layer of support to the bullish narrative.

Analysts anticipate a 0.25% interest-rate cut from the Federal Reserve on Wednesday, which would be the third reduction this year. 

In a recent newsletter, David Brickell and Chris Mills of the London Crypto Club stated that a dovish policy shift, particularly if accompanied by expanded bond purchases, could boost Bitcoin by increasing liquidity.

They described the combination of rate cuts and balance-sheet expansion as a strong backdrop for risk assets heading into the new year.

Similarly, Ed Yardeni of Yardeni Research also expects another cut, describing it as the near-universal view among policymakers.

Market indicators further reinforce this outlook. For instance, the CME FedWatch tool indicates an 86% chance of a quarter-point cut. Meanwhile, prediction markets on Polymarket place the odds near 94%.

Historically, such environments have favored Bitcoin, as declining risk-free yields push investors toward assets with higher return potential.

XRP Rallied 650% ‘Without Any Laws’ as Expert Says XRP Could Surge Before Clarity Act

Mark Brennan
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XRP Rallied 650% ‘Without Any Laws’ as Expert Says XRP Could Surge Before Clarity Act

A market expert has dismissed claims that the Clarity Act may need to pass before XRP sees any meaningful price uptick.

XRP has struggled with the rest of the crypto market, persistently seeing lower highs on a monthly basis since the $3.66 all-time peak in July. As a result, XRP has slipped into a falling wedge pattern, and while this structure remains bullish, some believe a reasonable price upsurge may not play out until the Clarity Act passes.

How Important is the Clarity Act for XRP Growth

Notably, the CLARITY Act (H.R. 3633) is a bipartisan proposal that sets clear rules for crypto assets, assigning securities oversight to the SEC and commodity oversight to the CFTC. At press time, it has passed the House and now sits with the Senate Banking Committee.

Most XRP investors say XRP and the broader crypto market may not rally until the Act passes. For instance, a pseudonymous community member suggested last month that ETFs will not move XRP price and trading would remain “the same as always” until the Clarity Act becomes law.

However, Market commentator Zach Rector does not believe this sentiment. In a recent post on X, he went against the claims that XRP may continue to lag as long as the Clarity Act remains pending. To prove his point, he called attention to XRP’s past impressive price surge even before the U.S. actually started witnessing regulatory improvements.

XRP Surged 650% Without Law

For context, XRP, which changed hands at $0.5 for most of last year, eventually recorded an explosive rally in November 2024 after President Donald Trump’s victory in the U.S. election. Notably, XRP surged 283% that month even while the Biden administration, which many regard as anti-crypto, remained in power. 

The upsurge continued into December 2024 and January 2025, with XRP extending the rally to $3.4 by Jan. 16, 2025. This represented an impressive 580% increase from the $0.5 price in November 2024, and this happened even before Trump assumed office on Jan. 20, 2025.

After months of consolidation, XRP again extended the run to the $3.66 peak in July 2025. According to Rector, this marked a 650% increase. The market pundit pointed out that this run occurred “without any laws,” confirming that XRP had already demonstrated its penchant for growth at a time when the Clarity Act had not passed.

Rector revealed that he believes it’s dangerous for other market commentators to ask people to rule out any possibility of an XRP surge and tune out of the market until the Clarity Act passes. He suggested that people who follow such advice could be left behind or only have small XRP holdings when XRP eventually pumps.

It bears mentioning that Rector himself has also highlighted the importance of the Clarity Act to XRP’s price growth. Specifically, in a previous disclosure, he identified the delays surrounding the Clarity Act as one of three reasons XRP failed to pump this year. However, he insists that, while it may be a catalyst, the Clarity Act doesn’t need to pass before XRP can see any meaningful gains.

Crypto Expert Says Holding Shiba Inu Represents a Generational Opportunity

Mark Brennan
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Crypto Expert Says Holding Shiba Inu Represents a Generational Opportunity

A popular community figure has doubled down on his long-term bullish outlook for Shiba Inu, calling the token a “generational opportunity.”

Luis Delgado, a self-acclaimed world-renowned crypto expert, made this bold claim while responding to a recent tweet from trading platform Crypto.com. The exchange’s post featured a Shiba Inu mascot alongside the caption “Generational Woof.”

Holding Shiba Inu Represents a Generational Opportunity

Interestingly, Delgado interpreted the post as aligning with the broader Shiba Inu community’s belief that SHIB carries long-term, transformative potential. Consequently, he stressed that holding Shiba Inu represents a generational opportunity.

This characterization indicates that Delgado believes SHIB could deliver substantial long-term returns—one that investors may one day look back on as a “once-in-a-generation” opportunity. In his view, Shiba Inu has the capacity to grow significantly more valuable over time.

Moreover, his comment reinforces the strong conviction among SHIB advocates that the project’s expanding ecosystem, development roadmap, and community momentum could generate outsized gains for committed investors across upcoming market cycles.

Delgado Sees SHIB Hitting $0.01

Delgado, in particular, has repeatedly expressed confidence that Shiba Inu can ultimately achieve the highly anticipated $0.01 milestone. He consistently dismisses critics who call the one-cent target impossible, asserting that he has witnessed the “impossible” happen in crypto before. Hence, he sees no reason SHIB’s path to $0.01 should be any different.

At the current price of $0.000008484, Shiba Inu would need to surge by 117,768% to reach the $0.01 target. To illustrate the scale of this potential rally, an investor holding 100 million SHIB, worth about $848 today, would see that stash grow to $1 million if SHIB ever hits one cent.

Likewise, holders of 200 million or 500 million tokens would see their portfolios jump to $2 million and $5 million, respectively. For many investors, gains of this magnitude represent life-changing upside often described as generational wealth.

Is $0.01 Feasible?

However, the prospect of Shiba Inu reaching $0.01 remains a significant challenge. The token’s performance this year has been far from impressive as SHIB has suffered a steep decline from its January 1 opening price.

For context, SHIB entered 2025 on the back of gains from December 2024, when it briefly climbed to around $0.00003329. Although it lost some of that momentum, SHIB began the year at $0.00002115.

Since then, the token has fallen sharply and now trades at $0.000008484, a drop of 59.88% from its January 1 opening price. This decline highlights the difficulty of achieving the widely discussed one-cent goal and delivering generational wealth to investors.

Moreover, reaching $0.01 would push Shiba Inu’s market capitalization to roughly $5.89 trillion — something critics call unrealistic for a meme coin.

Solana Officially Shares XRP Favorite ‘589’ Number

Abdulkarim Abdulwahab
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Solana Officially Shares XRP Favorite ‘589’ Number

Solana sparked a surprising cross-community moment with XRP when its official X account posted just the number “589.”

In less than 24 hours, the post has racked up over 2.8 million views. According to commentators, this simple post is now the most-viewed tweet in Solana’s history. For the XRP community, the number is instantly recognizable.

Solana Drops ‘589,’ XRP Army Takes Notice

Indeed, the post caused a stir in the XRP community with excitement. Many see it as a deliberate reference to XRP’s famous — and sometimes controversial — price meme.

Since 2019, the number 589 has been legendary among XRP fans. It represents big predictions and ambitious goals. While some analysts have interpreted it as a $589 price target, more realistic observers have dismissed it as fantasy.

Meanwhile, Solana’s spotlight on the number has added a new twist to its story.

XRP pundit Pumpius reacted to the post, saying, “You are a believer,” accompanied by a surprised eyes emoji. Meanwhile, XRP community researcher Nietzbux urged Solana to “post a Christmas Eve riddle next.”

‘A Lesson Here: Solana’s Biggest Post Ever Is About XRP’

Vet, an XRPL dUNL validator, highlighted the significance of the moment, claiming that Solana’s 589 tweet is the most-viewed post in the platform’s history.

According to him, the result reveals an undeniable truth: tapping into XRP and the XRP community “gets you millions of friends instantly”. This reinforces the idea that no crypto community rallies and reacts quite like the XRP Army.

Influencer John Squire also remarked, “So you’re dropping that number… interesting timing”. He emphasized how surreal it is that Solana’s biggest post ever is essentially an XRP tribute.

Speculation: Is There More Behind the Post?

Notably, some commentators believe Solana simply posted the number for buzz, while others suspect a deeper tease.

Alex Cobb suggested Ripple’s RLUSD stablecoin could be preparing to launch on Solana. Meanwhile, X Finance Bull went further, hinting at major cross-ecosystem developments.

He claimed a Solana-Ripple partnership could be one of the biggest integrations in the coming months. “Lock in, Solana team,” he said.

Though no official announcement, the idea aligns with trends in Ripple’s expanding stablecoin efforts.

Why 589 Still Resonates in the XRP World

The number 589 remains one of XRP’s most controversial symbols. Some analysts, like Tony Edward, call it a “fairytale,” while others, such as Crypto Bitlord, insist doubters “aren’t delusional enough.”

Over time, 589 has become more than a price prediction; it has turned into a cultural marker: part meme, part optimism. That’s why Solana’s posting of it carried so much weight.

CFTC Approves Bitcoin, Ethereum as Collateral in Derivatives Pilot Program

Zabi
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CFTC Approves Bitcoin, Ethereum as Collateral in Derivatives Pilot Program

The U.S. CFTC has unveiled a pilot that allows Bitcoin, Ethereum, and USDC to serve as collateral in regulated derivatives markets. 

The launch marks one of the agency’s most significant moves toward weaving digital assets into established financial systems.

Acting Chair Caroline Pham introduced the pilot in Washington, emphasizing that U.S. traders need safer venues after years of losses on lightly regulated offshore platforms. She said the new initiative gives regulators real-time insight into how tokenized collateral behaves during volatile conditions.

Building on that point, the pilot establishes a controlled environment where officials can closely observe custody practices, segregation requirements, and valuation adjustments.

By doing so, the CFTC aims to evaluate operational risks without slowing the industry’s transition toward tokenized instruments.

Guidance Clarifies Treatment of Tokenized Assets

Alongside the pilot, the agency’s three divisions released updated guidance explaining how tokenized assets fit within the existing regulatory structure. This clarification is intended to reduce uncertainty for firms exploring digital settlement models.

The guidance extends to tokenized real-world assets such as U.S. Treasuries and money market funds, outlining expectations across custody, haircuts, and operational risk management.

Together, these standards aim to bring consistency as more institutions experiment with tokenized financial products.

Limited Early Phase for Futures Commission Merchants

In parallel, the CFTC granted no-action relief to futures commission merchants interested in accepting certain non-securities digital assets as margin. However, the early phase remains intentionally narrow. For the first three months, only BTC, ETH, and USDC qualify.

This restricted rollout is coupled with enhanced reporting obligations. FCMs must file weekly updates detailing the amounts held and notify the agency of any significant issues.

These disclosures help regulators understand how digital collateral performs in practice before considering broader adoption.

Regulators Retire Older Virtual-Currency Guidance

The policy shift also prompted the CFTC to retire a 2020 advisory that discouraged the use of virtual currencies as collateral.

The agency stated that the document no longer accurately reflects market realities, particularly after several years of development and changes introduced under the GENIUS Act. 

Therefore, removing the outdated guidance creates clearer alignment with present conditions and the direction of the new pilot.

Crypto Industry Welcomes the Policy Reset

The announcement drew wide support from major industry players. Coinbase’s legal chief, Paul Grewal, said that the decision highlights the efficiency of digital assets in payment systems.

Similarly, Circle president Heath Tarbert added that regulated stablecoins could reduce settlement delays and support continuous trading.

Moreover, Crypto.com CEO Kris Marszalek called the shift a notable milestone and connected it to President Trump’s stated ambitions for U.S. crypto leadership.

Ripple executive Jack McDonald said the recognition of tokenized collateral could enhance capital efficiency for firms operating in U.S. markets.

Industry Feedback Shaped Final Framework

According to the CFTC, the pilot and supporting guidance reflect recommendations from the Digital Asset Markets Subcommittee. The agency also considered feedback shared during industry forums. 

This collaborative approach signals the agency’s intent to refine the framework as market participants test tokenized collateral in real environments.

With the pilot now underway, Bitcoin, Ethereum, and USDC are set to take a more formal role in U.S. derivatives markets. Regulators plan to review the data closely before determining next steps for broader adoption.

High Volatility Expected for Shiba Inu as 1,060,000,000,000 SHIB Move to Exchanges

Lele Jima
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High Volatility Expected for Shiba Inu as 1,060,000,000,000 SHIB Move to Exchanges

Blockchain analytics platform Santiment warns that Shiba Inu could experience significant volatility in the coming days amid whale activity.

In its analysis today, Santiment highlights that Shiba Inu has just logged its highest number of whale-sized transactions since June 6, 2025. The accompanying data shows that Shiba Inu transactions exceeding $100,000 surged to 406 today, a sharp jump from the less than 50 count recorded on June 6.

Meanwhile, Santiment notes that this spike in whale transfers coincided with a dramatic increase in SHIB tokens on exchanges.

Shiba Inu Exchange Reserve Jumps By 1.06T

Over the past 24 hours, Shiba Inu’s exchange reserves climbed by 1.06 trillion SHIB, representing a substantial net inflow to centralized platforms. This surge brought the total SHIB held on exchanges to 136.95 trillion.

The chart reveals a clear correlation between the rise in exchange balances and the simultaneous surge in whale transactions. The pattern suggests that large holders are strategically moving funds for significant trades.

Santiment suggests that this combination of heightened whale activity and rising supply on exchanges places Shiba Inu in a zone where increased volatility is likely in the coming days.

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Major Shift in Exchange Flows

The surge in exchange net inflows marks a shift from the recent trend in which whales consistently removed large amounts of SHIB from centralized platforms.

Data from Arkham Intelligence shows that more than 4.13 trillion Shiba Inu tokens recently left Coinbase for two newly created wallets. The first wallet received 2.966 trillion SHIB, while the second collected 1.173 trillion SHIB, both from the same exchange.

Additionally, The Crypto Basic reported last week that another whale withdrew 169.13 billion SHIB from Coinbase, reinforcing the pattern of heavy outflows.

Meanwhile, more recent data from Santiment observed a sharp increase in exchange reserves, with 1.06 trillion SHIB flowing back onto trading platforms, pushing the total to 136.95 trillion SHIB.

This reversal suggests that whales may be repositioning ahead of potential market volatility, according to Santiment.

For now, Shiba Inu’s price has remained stuck between $0.0000083 and $0.0000087 throughout the past week. The token currently trades at $0.000008456, reflecting a modest 0.35% increase over the past day and a 6.36% spike over the past week.

XRP Reaches $1,000,000,000 Milestone in No Time: Ripple CEO

Sam Wisdom Raphael
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XRP Reaches $1,000,000,000 Milestone in No Time: Ripple CEO

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. 

Ripple CEO Spotlights XRP ETF Milestone
Ripple CEO Spotlights XRP ETF Milestone

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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