XRP ETFs near $1B as CFTC clears a regulated XRP spot contract in the U.S.
U.S.-listed spot XRP exchange-traded funds (ETFs) are closing in on $1 billion in cumulative inflows since the first product launched on Nov. 13, according to the figures cited in the provided information. As of Dec. 13, 2025, six XRP spot ETFs were trading in the United States with a combined about $1 billion in AUM and 512.3 million XRP tokens locked.
Ripple CEO Brad Garlinghouse pointed to the pace of the build as a key signal, saying U.S. spot XRP ETFs became the fastest to reach $1 billion in AUM since Ethereum (ETH) ETFs, framing it as evidence of “pent-up demand for regulated crypto access.” The inflow streak referenced in the raw notes includes a 15-day run and totals that moved toward $1 billion within weeks, with several issuers—including Canary Capital, Grayscale, Bitwise, and Franklin Templeton—accounting for most of the cited inflows.
The developments come even as XRP’s market price weakened in November. The notes state XRP fell more than 14% in November to around $2.20, despite major corporate and product milestones, including a $500 million Ripple investment involving Citadel and Fortress, and ETF inflows that had already exceeded $600 million at earlier points in the launch window. Ripple’s RLUSD stablecoin also surpassed $1 billion in assets, according to the same materials.
Alongside ETF momentum, the U.S. Commodity Futures Trading Commission (CFTC) approved Bitnomial’s first regulated XRP spot contract. The approval was described as the first leveraged retail spot crypto contract under full CFTC oversight, and it arrives as the regulator takes a broader step toward allowing spot cryptocurrencies such as Bitcoin to trade on officially registered U.S. exchanges, per the summary provided.
Together, the ETF growth and the CFTC action highlight how XRP exposure is increasingly being packaged into structures that fit within U.S. market plumbing—regulated funds on one side and a regulated spot contract on the other. For institutions, these routes can provide more standardized access, custody arrangements, and trading frameworks than direct participation through offshore or lightly regulated venues.
- XRP ETF adoption: U.S. spot XRP ETFs are nearing $1 billion in cumulative inflows/AUM within weeks of launch, with six funds live as of Dec. 13, 2025.
- Regulatory market structure: The CFTC-approved Bitnomial product adds a new, regulated venue for an XRP spot contract under U.S. oversight.
- Price vs. flows: XRP’s price decline in November occurred alongside sizable ETF inflows and other Ripple-related milestones cited in the notes.