As curiosity in $XRP-based exchange-traded funds (ETFs) continues to develop within the cryptocurrency market, current knowledge on $XRP ETFs traded within the US reveals a noteworthy image.
In keeping with real-time monitoring knowledge, a complete of seven completely different $XRP ETF merchandise are traded in the marketplace, with a complete asset measurement (AUM) of roughly $1 billion.
Whereas the $XRP value is buying and selling sideways round $1.34, the entire quantity of $XRP locked by way of ETFs is calculated at 769.79 million. This quantity represents roughly 0.7698% of the entire 100 billion $XRP provide.
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Canary Capital held the most important quantity of $XRP in its ETFs with 197.2 million $XRP, adopted by Bitwise with 193 million $XRP and Franklin Templeton with 159.7 million $XRP. Different 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).
By way of every day buying and selling quantity, the Bitwise $XRP ETF ranked first with a quantity of $9.40 million, whereas 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) had been amongst different notable ETFs.
Latest knowledge reveals that the $XRP ETF market continues to develop, with the entire quantity of locked property progressing in direction of the 1 billion $XRP goal.
*This isn’t funding recommendation.
