As interest in XRP-based exchange-traded funds (ETFs) continues to grow in the cryptocurrency market, recent data on XRP ETFs traded in the US reveals a noteworthy picture.
According to real-time tracking data, a total of 7 different XRP ETF products are traded on the market, with a total asset size (AUM) of approximately $1 billion.
While the XRP price is trading sideways around $1.34, the total amount of XRP locked through ETFs is calculated at 769.79 million. This amount represents approximately 0.7698% of the total 100 billion XRP supply.
Canary Capital held the largest amount of XRP in its ETFs with 197.2 million XRP, followed by Bitwise with 193 million XRP and Franklin Templeton with 159.7 million XRP. Other ETF issuers included 21Shares (105.8 million XRP), Grayscale (47.5 million XRP), REX-Osprey (42.2 million XRP), and the Bitwise Index fund (24.5 million XRP).
In terms of daily trading volume, the Bitwise XRP ETF ranked first with a volume of $9.40 million, while Grayscale’s GXRP product recorded $2.86 million and Franklin Templeton’s XRPZ fund recorded $2.60 million. 21Shares ($1.49 million), Canary Capital ($1.47 million), and REX-Osprey ($143,000) were among other notable ETFs.
Recent data reveals that the XRP ETF market continues to grow, with the total amount of locked assets progressing towards the 1 billion XRP target.
*This is not investment advice.