"In just 50 days since launch, XRP ETFs have amassed over $1.3 billion in AUM , with $483 million in inflows in December alone . These ETFs, offered by Grayscale, Bitwise, Canary Capital, and Franklin Templeton, have collectively locked up over 746 million XRP. This creates a measurable supply squeeze-tokens are removed from circulation and held in custodial accounts to back ETF shares."
"Their impact is purely demand-side, attracting capital from investors seeking exposure without interacting with the XRP Ledger. This demand is speculative as its driven by price expectations rather than utility. ODL Payment: Real Utility now counts more than 300 financial institutions across 55-plus countries, with roughly 40% actively using XRP for On-Demand Liquidity rather than just messaging rails. ODL processed more than $15 billion of cross-border payments in 2024, a 32% year-over-year increase, with Asia-Pacific"
XRP faces two distinct demand drivers: ETFs creating speculative buying and Ripple's On-Demand Liquidity (ODL) providing real payment utility. XRP ETFs accumulated over $1.3 billion in AUM within 50 days, locking up more than 746 million XRP and creating a supply squeeze without using tokens for settlement. ODL spans 300+ financial institutions across 55+ countries, with about 40% actively using XRP and more than $15 billion processed in cross-border payments in 2024, a 32% year-over-year increase. ETF-driven flows influence short-term price action, while ODL represents infrastructure and actual transactional use that has not fully translated to price.
Read at 24/7 Wall St.
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