Ripple has highlighted the institutional growth of XRP since launching spot ETFs in November last year. The cryptocurrency company noted how crypto assets have grown through regulatory clarity, which it achieved through the long-running legal battle against the Securities and Exchange Commission (SEC).
Ripple applauds institutional growth of XRP as ETFs see demand for it
in a reportThe cryptocurrency company noted that since the launch of the XRP ETFs, the cryptocurrency asset has become one of the most adopted digital assets in the ETF market, with XRP attracting capital from some of the “most influential names” in TradFi. It is worth noting that Canary’s XRP ETF became the first Act 33 XRP ETF, which was launched on November 13, 2025.
Ripple said the market response was quick and in some ways “surprising,” especially to those who assumed institutional adoption of XRP would lag behind adoption of Bitcoin and Ethereum. The company noted that these ETFs did not record a single day of net outflow in the first month of trading.
Furthermore, the report noted that by December, cumulative inflows had exceeded $1 billion, making XRP the fastest crypto asset to reach this milestone since the launch of Ethereum ETFs in 2024. Ripple added that these inflows had grown to more than $1.5 billion by March 2026, with five spot XRP ETFs in circulation in the US and more than 769 million XRP tokens locked via its shared custodial arrangements.
The company stated that these developments deserve attention, especially since inflows have remained stable despite this XRP price Volatility. “It suggests that institutions are making informed allocation decisions, and not chasing short-term momentum,” they added.
The Ripple report also alluded to a prediction by Matt Hougan, CTO at Bitwise, that XRP is likely to see much greater demand in a bull market, given the demand that ETFs are seeing in this bear market. It is worth noting that Wall Street giant Goldman Sachs is currently among the companies with the largest exposure to XRP. Furthermore, as CoinGape reported, companies like insurance giant MassMutual also has exposure to the XRP ETF.
“XRP as infrastructure” and not just an asset
Ripple also highlighted how XRP has played a key role as a utility token on the XRP Ledger (XRPL), especially as the token continues to grow in the real world on the network. Meanwhile, daily transactions for XRPL increased 3x from their average in mid-2025.
As CoinGape reported, Daily XRPL transactions have been on the rise recently to a two-year high of more than 5 million. The report noted that the increase in network activity is important for ETFs because it indicates that institutional flows are not separate from the underlying instrument.
Ripple added that Goldman Sachs’ allocation of approximately $154 million to XRP ETFs, specifically while the network processes recorded transaction volumes, reflects that the XRP infrastructure is being used and that institutions are pivoting around that usage.
Meanwhile, the report also cited JPMorgan’s forecast that XRP ETFs could attract between $4 billion and $8.4 billion in inflows in the first year. “Whether this happens depends on broader market conditions, but the early trajectory has done nothing to undermine this thesis,” Ripple said.
