coindesk.com
U.S. spot $XRP exchange-traded funds (ETFs) kept up the positive momentum for a twelfth consecutive day, with their net inflows totalling $844.9 million as of Dec. 2, according to data tracked by SoSo.
The sustained accumulation of capital by spot $XRP ETFs established them as the fastest-growing class of major crypto-asset vehicle. The funds are closing in on the $1 billion milestone in assets and signaling a significant expansion of regulated crypto exposure beyond bitcoin BTC$92,972.30 and ether ETH$3,083.26.
The $XRP ETFs saw a total net inflow of $67.7 million bringing their cumulative total inflow to $844.9 million since they debuted on Nov. 13, the SoSo data shows. On Monday, the products drew $89.65 million, making it one of its strongest sessions since inception.
The trend makes spot $XRP the fastest growing ETF class and places it near the $1 billion asset milestone, a level analysts say is key for long-term institutional adoption.
Wall Street investment firms, including Fidelity, Invesco and Franklin Templeton, also filed to list spot $XRP ETFs, according to Depository Trust and Clearing Corporation (DTCC).
“Congrats to $XRPC for $58 million in day one volume, the most of any ETF launched this year,” said Eric Balchunas, senior Bloomberg ETF analyst on X.
While the $XRP products demonstrate impressive momentum, they operate within an increasingly active crypto ETF landscape. Spot Solana ETFs saw a significant rebound after a red day of $13.5 million in redemptions with an inflow of $45.7 million and as of yesterday stood at $651 million in cumulative net inflows.
The much larger spot bitcoin ETFs remain mostly unmoved at $57.7 billion, while their ether equivalents sit at just over $12.8 billion, according to Farside data.