With XRP spot exchange-traded funds (ETFs) off to an impressive start, several products are attracting notable interest on Wall Street.
In this context, Canary Capital’s XRPC has emerged as the notable performer among U.S. spot XRP ETFs. Launched on November 13, 2025, XRPC set a new benchmark by posting the highest first-day trading volume of any ETF introduced this year, pulling in $59 million at launch and closing the session with about $250 million in assets under management.
This performance edged out even the strong debut of Bitwise’s Solana ETF, positioning XRPC as a frontrunner in the push toward mainstream digital asset investing. By mid-December, XRPC’s assets had grown to approximately $343.7 million, with shares trading at roughly $21.33.
Mixed returns from other XRP ETFs
While XRPC leads the pack, other spot XRP ETFs have delivered mixed results amid rising overall interest. Grayscale’s GXRP, priced at $38, has accumulated $215.5 million in assets, supported by strong brand recognition.
Bitwise’s XRP fund trades at $22 and has gathered $208.7 million in assets, appealing to more active traders. Franklin Templeton’s XRPZ, priced at $21.82, has $175 million in assets, pointing to growing competition from traditional finance firms.
21Shares’ TOXR, trading at $19.57, saw heavy November inflows totaling more than $666 million, though assets now stand at $239.9 million amid market volatility. REX-Osprey’s XRPR, the lowest-priced at $16.48, trails with $101.4 million in assets, while Bitwise’s BITW provides indirect exposure with a 5.01% XRP weighting valued at $56.3 million.
Collectively, these funds have propelled the U.S. spot XRP ETF ecosystem to new heights, with cumulative assets under management surpassing $1.28 billion and total inflows approaching the $1 billion mark after a 15-day streak of net gains.
This rapid accumulation has locked up more than 670 million XRP tokens, including 641.7 million held by dedicated funds and an additional 28.2 million via index allocations, which could tighten supply and influence market dynamics in the months ahead.
Spot XRP price struggles
Beyond the headline figures, the rise of XRP ETFs is highlighting a notable disconnect between investor demand and price performance.
Despite steady inflows, XRP’s spot price has largely stagnated between $2.02 and $2.40. As of press time, XRP was trading at $1.99, down nearly 2% over the past 24 hours and off 2.4% on the weekly chart.
Analysts attribute this divergence to broader crypto market volatility and subdued retail participation. Still, longer-term projections remain bullish, with some forecasts calling for up to $10 billion in ETF holdings within a year if current trends continue.
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