March 12 News: Although the spot price of XRP has dropped 45%, Ripple’s XRP Exchange-Traded Fund (ETF) still maintains approximately $971 million in assets, indicating strong market demand for XRP. Ripple CEO Brad Garlinghouse commented on this data, emphasizing that the fund’s holdings remain stable and that institutional investors continue to participate in XRP investments through regulated tools.
Bloomberg ETF analyst pointed out that during market volatility, the XRP ETF did not experience large-scale redemptions, and net capital inflows remained steady. Data shows that since its launch, the fund has experienced several fluctuations in funds, with total net assets reaching a peak of $1.65 billion in January. However, as prices adjusted, the asset value decreased to $971 million. This change mainly reflects market pricing fluctuations rather than investor withdrawals. Garlinghouse stated that this demonstrates market confidence in the XRP ETF product structure and reflects a disciplined asset allocation strategy.
In the XRP ETF market, Canary’s XRPC fund leads with $273.02 million in assets under management, with total inflows reaching $419.44 million. Its 0.50% sponsor fee, though the highest among peers, has not affected its market leadership. Bitwise follows closely, with trading volume leading for several consecutive days, providing ample liquidity for the ETF. Franklin Templeton ranks third with $225.65 million in assets and a 0.19% fee, which helps steady asset growth. 21Shares’ TOXR fund ranks fourth with $156.11 million, maintaining competitiveness in the XRP ETF space.
Analysts believe that the stability of XRP ETF assets indicates that, despite short-term market volatility, institutional investors are still willing to allocate XRP through regulated funds. This not only provides a transparent investment channel but may also serve as an important support for XRP price recovery in the future. Garlinghouse emphasized that the capital base of ETF products is more resilient than many market observers expected, providing long-term confidence for investors.
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