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.
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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.
Read More: XRP Spot ETF Data Released – Has the 1 Billion XRP Target Been Reached?
