XRP ETFs Surge Towards $1 Billion AUM in Record Time
The cryptocurrency market is buzzing as XRP exchange-traded funds (ETFs) rapidly approach the $1 billion asset under management (AUM) milestone within their first month of trading. According to data from XRP Insights, a real-time tracker of XRP spot ETFs, the combined AUM of five active funds reached a remarkable $801.7 million, with 339.16 million XRP locked as of November 28, 2025. This bold movement comprises 0.339% of the total circulating supply, signaling a transformation in institutional adoption of the digital asset.
Key Players Leading the XRP ETF Game
Canary Capital has solidified its leadership position in the XRP ETF space, holding 155.8 million XRP. Close behind is Bitwise, which holds 80.5 million XRP and leads in daily trading volume, registering a robust $15.3 million. The total daily trading volume for all five ETFs sits at $42.79 million, demonstrating substantial engagement from institutional allocators and professional traders who value the liquidity and regulatory structure these products provide.
The Role of the 21Shares TOXR ETF
The imminent launch of the 21Shares TOXR ETF on November 29, 2025, is expected to further boost the growth of XRP ETFs. Approved by the SEC via Form 8-A on November 20, this ETF will trade on the Cboe BZX exchange and feature a competitive management fee of 0.50%. Analysts suggest this addition will enhance accessibility for U.S. and European market participants already familiar with 21Shares’ digital asset offerings.
Why XRP ETFs Are Outpacing Bitcoin
The first-month success of XRP ETFs is outperforming previous cycles of Bitcoin ETF introductions, which faced slower starts. This remarkable reception is backed by a combination of favorable legal clarity stemming from a 2023 court ruling, rising demand for alternative blockchain settlement networks, and increasing use in banking and enterprise blockchain applications. Institutional portfolios, previously underexposed to XRP, are rebalancing to include the asset class, enabling a rapid inflow of capital.
A Growing Shift Towards Long-Term Investing
Institutional adoption is evident in the declining XRP exchange reserves as businesses and investors pivot to custody-led, long-term positions. Should current trends persist, XRP ETFs could easily surpass the $1 billion AUM mark by the end of December, even without significant price changes. The introduction of additional ETFs in 2026 may further increase XRP’s foothold in the financial ecosystem.
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The Future of XRP ETFs
As 2026 approaches, momentum within the XRP ETF market is expected to accelerate. The integration of more structured ETF offerings will likely continue to amplify investor interest and institutional participation. Whether you are a seasoned investor or a newcomer, staying informed on developments in cryptocurrency ETFs is key to making strategic financial decisions in an ever-evolving market.
