XRP ETFs Draw Heavy Early Demand as Total Inflows Cross $160M

Spot XRP ETFs are off to a powerful start in the U.S. market. In just the first few days of trading, total inflows across newly launched XRP ETFs have crossed $160 million. Bitwise confirmed that its XRP ETF alone pulled in about $135 million within three days. Franklin Templeton’s newly launched XRPZ ETF added another major boost on its debut.

The surge marks one of the strongest early starts for any altcoin ETF so far. XRP traded near $2.20 during most of this early accumulation phase. Despite price stability, demand from ETF buyers stayed aggressive. This early momentum has pushed XRP back into the spotlight as one of the most watched institutional assets outside Bitcoin and Ethereum.

Franklin, Bitwise, and Grayscale Lead XRP Accumulation

Franklin Templeton’s XRPZ ETF launched on NYSE Arca on November 25 with a strong first showing. On day one, the fund held over 32 million XRP in assets under management. That alone represented more than $70 million in market value. Meanwhile, Bitwise and Canary Capital also continued building their XRP exposure. 

Combined estimates suggest that Bitwise, Canary, and Grayscale now control more than 79 million XRP through ETF products. At current prices, that equals roughly $160-$170 million in XRP absorbed by regulated funds. These numbers are still early. However, they already place XRP among the fastest-growing ETF asset classes outside of Bitcoin and ETH.

Analysts Debate Long-Term Supply Impact and ETF Speed

As inflows climb, analysts and market commentators are debating what sustained ETF demand could mean for XRP supply. Some bullish models suggest that if ETFs continue absorbing tens of millions of XRP per week. With long-term pressure on the available supply could grow fast. However, others urge caution. ETF inflows can reverse just as quickly as they appear. 

Redemptions, market downturns, or weaker retail demand could slow accumulation without warning. Currently, the market is still in the discovery phase. There is also active debate around how ETF share structures may evolve if XRP becomes harder to source at scale. Some speculate that future share splits could allow ETFs to function with smaller XRP backing per share. Still, those ideas remain theoretical for now. The only confirmed trend is demand. And right now, it is strong.

Broader Ripple Narrative Adds Fuel to Investor Interest

XRP’s ETF surge is also unfolding alongside a broader shift in Ripple’s public narrative. New speculation has emerged suggesting Ripple could pursue full U.S. banking status in the future. While unconfirmed, the rumor alone has increased attention around XRP’s potential role in regulated finance.

Meanwhile, major Wall Street voices continue to frame crypto as a growing macro asset class. That shift is pushing more capital into regulated crypto products like ETFs rather than offshore platforms. For XRP, this moment feels different from past cycles. This time, the buying pressure is coming from structured funds rather than retail hype alone.

Still, traders remain cautious. Early flows often look explosive before they stabilize. The coming weeks will reveal whether XRP ETFs can sustain this pace or whether inflows cool after the launch surge. Currently, one fact stands out. XRP ETFs have arrived with real weight and the market is paying attention.