XRP ETFs near $1B as CFTC greenlights first regulated XRP spot contract in the U.S.
U.S.-listed spot XRP exchange-traded funds (ETFs) are closing in on a major threshold, with combined assets nearing $1 billion less than a month after the first product launched on November 13. The category has logged a 15-day inflow streak, and Ripple CEO Brad Garlinghouse said XRP ETFs have become the fastest offering to reach $1 billion in assets under management (AUM) since Ethereum (ETH) ETFs.
Figures cited in the raw materials indicate that six XRP spot ETFs were trading in the U.S. as of December 13, 2025, with roughly $1B in combined AUM and about 512.3 million XRP locked across products. Separate data points in the same materials also describe cumulative inflows approaching the same level, underscoring how quickly regulated vehicles have accumulated XRP exposure.
At the same time, the U.S. Commodity Futures Trading Commission (CFTC) has approved Bitnomial’s first regulated XRP spot contract. The approval is described as a first-of-its-kind milestone: a leveraged retail spot crypto contract under full CFTC oversight.
Together, the ETF growth and the CFTC’s action highlight a broader shift: XRP is increasingly being packaged and traded through regulated market structures rather than solely through offshore venues or unregulated retail channels. Supporters of these developments argue that regulated spot trading can improve transparency and price discovery, while a broader toolkit of derivatives—such as futures, perpetuals, and options—can enable more formal risk management for professional market participants.
The rapid ETF accumulation is also notable because XRP’s market performance has not been uniformly strong in the same period. The materials note that XRP fell more than 14% in November to around $2.20, even as ETF inflows accelerated and Ripple-related initiatives continued to expand, including a reference to the company’s RLUSD stablecoin surpassing $1 billion in assets.
Beyond XRP-specific headlines, the recap points to a wider U.S. regulatory and market backdrop. It references a landmark CFTC decision in which, for the first time, spot cryptocurrencies such as Bitcoin may be traded on officially registered U.S. exchanges. The same set of notes also reflects ongoing policy complexity, including claims that the CFTC has authorized leverage only for Bitcoin, ETH, and USDC—a distinction that, if accurate, would leave other assets in a different regulatory posture for certain products.
- XRP spot ETFs in the U.S. are nearing $1B in AUM after a short launch window and a multi-day inflow streak.
- The CFTC approved Bitnomial’s regulated XRP spot contract, described as a first leveraged retail spot crypto contract under CFTC oversight.
- The developments unfold amid a broader push to bring spot crypto trading into officially registered U.S. market venues.