Spot XRP ETF Approaching $1 Billion in Assets Under Management

US-based XRP spot exchange-traded funds continued their strong post-launch run, recording their 13th consecutive day of net inflows since opening for trading on November 14.

The funds attracted $50.27 million in net new capital on Wednesday, bringing their cumulative net inflow to $874.28 million, according to SoSo data. The funds recorded a total trading volume of $31.53 million for the day.

This streak places XRP ETFs among the fastest-growing class of major crypto-asset vehicles. Approaching the billion-dollar milestone in less than a month could be interpreted as a sign of significant acceptance and liquidity for the asset in traditional financial markets.

The positive momentum displayed by XRP products is part of ongoing and active crypto ETF momentum. Spot Solana ETFs, despite a few days of recent outflows, have brought in over $600 million since their recent launch. Additionally, despite some recent exit setbacks, the overwhelming success of the much older Bitcoin and Ether spot ETFs continues, with BTC funds attracting nearly $58 billion and ETH vehicles $13 billion, according to Farside data.

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