
"In 50 days, XRP ETFs absorbed $1.3 billion while locking 746 million XRP-roughly 1.14% of the 65.5 billion circulating supply-with virtually zero redemptions through late December. The pace shows how quickly institutional capital can tighten supply before prices respond. Here's how issuers performed. Canary Capital XRPC: First-Mover Advantage Daily inflows often exceeded $100 million outside headline events, signaling durable allocation rather than event-driven trading. Canary's book reflects committed institutional demand building positions over weeks."
"Assets from its XRP Trust rolled directly into GXRP at launch, creating instant scale without requiring new capital commitments. The fund now manages more than $220 million, and that capital has proven sticky-investors didn't rotate out after launch-week excitement faded. The conversion structure reduced friction for allocators who wanted regulated exposure without operational changes to custody arrangements. GXRP's steady flows demonstrate how institutional familiarity still matters in ETF adoption, even when competitors offer lower fees."
"XRPZ launched with a 0.19% expense ratio-the lowest in the category-and raised over $190 million. Adoption has been measured rather than explosive, which fits its target audience. As annual portfolio reviews roll through advisory practices in Q1 2026, Franklin's market share may rise as cost-conscious allocators shift from higher-fee competitors. These quieter flows still contribute meaningfully to tightening available XRP supply, even if they don't generate daily headline volume."
XRP ETFs absorbed $1.3 billion in 50 days and locked 746 million XRP, about 1.14% of the 65.5 billion circulating supply, with virtually no redemptions through late December. Institutional inflows tightened available supply quickly, potentially affecting price dynamics. Canary Capital's XRPC exhibited durable daily inflows often above $100 million, reflecting committed institutional demand. Grayscale's GXRP converted assets from its XRP Trust to create instant scale and now manages more than $220 million of sticky capital, aided by reduced operational friction. Franklin Templeton's XRPZ launched with a 0.19% fee and raised over $190 million, positioning for measured, cost-driven adoption. Bitwise attracted active trading desks with uneven but persistent inflows.
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