📅 October 25 | New York, United States
The crypto ecosystem is making history again. Just a week after its launch, the first US XRP spot ETF has surpassed $100 million in assets under management (AUM), marking a milestone for Ripple and the altcoin sector in general. The news, confirmed by CoinDesk, shows surprising institutional enthusiasm around XRP, an asset that until recently was a symbol of regulatory uncertainty and legal controversy.
📖 The XRP Spot ETF, launched by Galaxy Digital and Invesco, began trading on the NYSE Arca on October 17, becoming the first exchange-traded fund (ETF) to offer direct exposure to Ripple Labs' native token. In just seven days of trading, the fund attracted more than $100 million in net inflows, a pace that even surpasses that recorded by the first Bitcoin ETFs at their launch.
According to data from Bloomberg Intelligence, daily volume of the XRP ETF reached peaks of $45 million, driven by hedge funds, family wealth managers, and institutional traders seeking diversification beyond Bitcoin and Ethereum.
The fund's approval came after months of positive signals from the SEC, which finally recognized XRP as a non-security asset in most of its trading contexts.
That decision opened the door for financial firms like VanEck, Grayscale, and Ark Invest to develop similar products for other altcoins, potentially triggering a new wave of adoption.
"The early success of the XRP ETF demonstrates that institutional investors are ready to look beyond Bitcoin," said an Invesco spokesperson.
"The regulatory infrastructure is finally aligning with innovation."
Meanwhile, Ripple Labs—still facing minor appeals in its dispute with the SEC—is capitalizing on the media attention by announcing new partnerships with banks in Asia and the Middle East to integrate its blockchain-based cross-border payments technology.
Topic Opinion:
For years, it was ridiculed as "the bank token," and today, ironically, it's large funds and institutions that are pushing its adoption. This ETF is not only a financial triumph, but also a symbolic reparation for Ripple and all the projects that withstood regulatory skepticism. If the market continues this trend, we could be facing the beginning of a second wave of multi-asset ETFs, where crypto diversification becomes the norm, not the exception.
💬 Do you think the XRP ETF will usher in a new era for altcoins on Wall Street?
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