XRP Spot ETFs Reach $1.12 Billion in AUM

TLDR

• XRP spot ETFs have an AUM of $1.12 billion.
• Canary Capital’s XRPC exceeded $250 million in AUM.
• Franklin Templeton offers the lowest fee of 0.19%.

Spot XRP ETFs in the United States have reached an approximate Asset Under Management (AUM) of between $1.0 billion and $1.12 billion. There are seven active products backed by various traditional financial issuers. Each ETF holds genuine XRP as the underlying spot exposure.

This development underscores a growing institutional interest in direct XRP investments. It is notable for incorporating reputable financial entities and securing liquidity through genuine XRP holdings.

Breakdown of Major Issuers and Launch Dates

Several prominent financial firms have launched XRP spot ETFs in recent months. Each issuer brings its expertise and market presence to the table, diversifying the landscape.

• REX–Osprey (XRPR): Launched on October 29, 2025, on Cboe BZX with a 0.75% fee.
• Canary Capital (XRPC): Began trading on November 13, 2025, on Nasdaq. It had a record $59 million first-day volume.
• Bitwise (XRP): This product went live on November 20, 2025, on NYSE with a 0.34% fee.
• Franklin Templeton (XRPZ): Commenced on November 24, 2025, via NYSE Arca, offering the lowest fee of 0.19%.

Other notable entrants include Grayscale, with their Grayscale XRP Trust conversion, as well as 21Shares and WisdomTree, both seeking to expand their crypto product lines in the US market. Further information can be found in the official filings readily available through financial research reports, including Binance’s half-year report for 2025.

Impact of Institutional Participation

Institutional investors have shown significant interest in XRP spot ETFs. Canary Capital’s XRPC achieved substantial AUM exceeding $250 million, showcasing rapid capital allocation. This trend highlights a strong appetite for XRP exposure in institutional portfolios.

Franklin Templeton offers a competitive proposition with its ultra-low fee, mirroring strategies seen in Bitcoin ETF offerings. Such attractions may shift long-term institutional allocations towards XRP-related investments. The emerging “fee-war dynamic” could alter investment patterns in cryptocurrency ETFs as this segment matures.

Structural and Market Effects

Spot XRP ETFs mandate holding real XRP coins in vaults, leading to a reduction in the free-float supply on exchanges. This coordination can tighten liquidity in spot markets based on the ongoing issuance and redemption flows.

The XRP Ledger has reported increased activity in real-world asset tokenization, enhancing on-chain liquidity. The rise in tokenized real-world assets to $131.6 million in Q2 2025 supports a larger narrative of institutional use and liquidity growth surrounding XRP and related blockchain technologies. More insights can be explored through the DigiToolBuilder resource page for further developments.