XRP spot ETFs saw $643.92 million in net inflows in their first month, reaching $676.49 million in total net assets, 0.50% of XRP’s market cap. Daily inflows remained positive, with the strongest on Nov 14 and 24. Grayscale, Franklin Templeton, Bitwise, and Canary led steady inflows across US exchanges.

XRP ETFs generated $38.12 million in trading on Nov 26. Despite XRP’s volatile market price around $2.23, ETF demand offset wider crypto-market weakness. 21Shares plans to launch its spot ETF, while WisdomTree’s application is under review. Inflows increased on nine of the past ten sessions.

Franklin Templeton disclosed 32.04 million XRP held in its ETF by Nov 25, indicating continued accumulation. This steady inflow pattern is positive for new crypto ETFs and shows improved regulatory clarity for XRP products. Dogecoin, HBAR, and Litecoin spot ETFs also started trading, but with less institutional interest.

Read more at Yahoo Finance: XRP ETFs Record $643 Million in Net Inflows in First Month as Demand Surges