It has been well over a month since the first spot XRP ETF entered the market on November 13, achieving a remarkable trading volume of nearly $60 million. While the demand for these financial products has diminished since their launch, it still surpasses that of nearly all other spot crypto ETFs.

XRP ETFs Continue to Thrive

Canary Capital’s XRPC was the first to offer trading on U.S. exchanges on November 13, setting a trading volume record along with daily net inflows exceeding $240 million. Since then, four more similar products—Grayscale’s GXRP, Bitwise’s XRP, Franklin Templeton’s XRPZ, and 21Shares’ TOXR—have also been launched.

Over the past twenty-five trading days, none of these five ETFs tracking Ripple’s cross-border token has experienced net outflows, and the total net inflows have surged to $1.070 billion, according to data from SoSoValue. In just the last week, these funds saw an increase of $82.04 million.

XRPC leads the group with $384 million in cumulative net inflows, followed by GXRP, XRP, and XRPZ, while TOXR is significantly behind at just $23.05 million.

Comparing XRP, BTC, ETH, and SOL Funds

Despite recent declines in daily net inflows for XRP ETFs, they still hold better performance compared to Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) funds. For instance, spot BTC ETFs reported only one positive day last week, finishing with a significant outflow of nearly $500 million. On the other hand, ETH ETFs haven’t shown any positive results since December 10, losing almost $650 million in the past week.

The Solana funds are the only ones with a consistent positive performance similar to XRP ETFs, achieving a net inflow of $66.56 million last week.

Factors Driving Interest in XRP ETFs

So, why are XRP ETFs gaining more traction? One factor could be their novelty in the market, as new products tend to attract interest. However, even the recently launched Dogecoin ETFs have only managed $2 million in inflows, suggesting that the appeal of XRP might stem from Ripple’s performance in 2025. Ripple has secured various partnerships and licenses, and resolved its lawsuit with the SEC earlier this year.

Notably, the most recent achievements include conditional approval for the launch of a Ripple National Bank Trust and a collaboration with AMINA Bank, a Swiss-based financial organization.