The U.S. spot XRP exchange-traded fund has continued its strong trend since its launch, recording net inflows for 13 consecutive days since it opened for trading on November 14.
The funds attracted a net $50.27 million in new capital on Wednesday, pushing their cumulative net inflows to $874.28 million, according to SoSo data. The fund’s total trading volume for the day was $31.53 million.
This momentum places the XRP ETF among the fastest-growing major crypto asset instrument classes. Approaching the $1 billion milestone in less than a month can be interpreted as a signal of high recognition and liquidity for the asset in traditional financial markets.
The positive momentum shown by the XRP product is part of the ongoing active crypto ETF dynamic. Despite outflows in recent days, the spot Solana ETF has attracted more than $600 million since its recent launch. Additionally, despite some recent outflow setbacks, the long-established spot Bitcoin and Ethereum ETFs have been overwhelmingly successful, with BTC funds attracting nearly $58 billion and ETH funds attracting $13 billion, according to Farside.