The emergence of XRP Exchange-Traded Funds (ETFs) has ignited considerable excitement in the digital asset landscape, attracting robust institutional demand and driving significant market activity. These new investment vehicles are quickly establishing a strong foothold, marked by impressive trading volumes and a swift accumulation of assets under management.
Bitwise Leads Surging Trading Volumes
In a testament to the growing interest in XRP ETFs, the ecosystem has recently recorded a combined daily trading volume nearing an impressive $19 million. Notably, Bitwise's XRP ETF has emerged as a frontrunner, securing the top spot in daily trading volume with $5.07 million. This performance significantly outpaced competitors such as Franklin Templeton, Canary Capital, REX–Osprey, and Grayscale, underscoring Bitwise's strong market entry and capturing a substantial share of the institutional inflows.
Approaching the $1 Billion AUM Milestone
Beyond daily trading, XRP ETFs are rapidly approaching a significant milestone, collectively nearing $1 billion in assets under management (AUM). With the combined AUM across five products currently standing at $909.74 million, these funds are poised to break the $1 billion mark just weeks after their launch. This rapid surge in AUM indicates a substantial flow of capital into the XRP ecosystem, with approximately 400.01 million XRP now held in ETF vaults, fostering bullish momentum and contributing to a noticeable recovery in XRP's market price.
