XRP ETFs boost holdings to $915M after new purchases
Crypto Briefing
US spot XRP ETFs have increased their total holdings to approximately $915 million following recent institutional purchases.Summary
Total holdings in US spot XRP exchange-traded funds (ETFs) have risen to about $915 million, representing roughly 426 million XRP, driven by sustained institutional demand. Canary Capital's XRPC leads the funds with $357 million in assets, followed by Bitwise ($195 million) and Grayscale ($187 million). The growth highlights increasing institutional interest in XRP, primarily valued for its utility in cross-border payments and liquidity management on the XRP Ledger. The launch of these spot XRP ETFs this year allows traditional investors access to the asset, signaling a broader trend of incorporating utility tokens beyond Bitcoin and Ethereum into financial products.
(Source：Crypto Briefing)