tl;dr
The Teucrium 2x Long Daily XRP ETF (XXRP) reached $323.6 million in net flows, becoming the first US-traded XRP ETF to surpass $300 million. XXRP accounts for 52.5% of the $616 million total net flows in US XRP ETFs, which are all derivative-based due to the SEC not approving spot XRP products. XRP ...
Teucrium 2x Long Daily XRP ETF (XXRP) achieved a milestone this week by reaching $323.6 million in net flows, marking it as the first XRP exchange-traded fund (ETF) traded in the US to exceed the $300 million mark. According to data from VettaFi, XXRP now accounts for 52.5% of the total $616 million in net flows recorded by US-traded XRP ETFs. Importantly, all XRP exchange-traded products (ETPs) in the US are currently based on derivatives, as the SEC has yet to approve spot XRP products as of July 29.
XRP ETPs saw a two-digit inflow growth last week, with CoinShares reporting $189 million in total inflows. Out of these, XXRP contributed $73.4 million, representing 39% of global flows and showing a 22.7% increase in weekly inflows. July 21 marked the highest daily volume for any XRP ETF in the US, with XXRP capturing $50.4 million. Launched on April 8, the Teucrium ETF is the oldest among the four XRP ETFs trading in the US.
Volatility Shares entered the XRP ETF space on May 22, launching two funds: XRPI and XRPT. XRPI provides exposure without leverage, whereas XRPT offers a 2x leveraged position. As of July 28, XRPI had amassed $124.6 million in inflows, and XRPT neared $168 million according to ETF.com data. In terms of weekly growth, XRPI increased inflows by 27%, adding $33.6 million, while XRPT gained 26%, adding $43.6 million. The most recent entrant, ProShares Ultra XRP ETF (UXRP), launched on July 16, has gathered roughly $101,000 in inflows since its debut.
Despite XRP surpassing Solana (SOL) in total market capitalization to become the third-largest cryptocurrency, XRP ETPs still lag behind SOL-related products regarding inflow volume for the year. XRP products closed June with nearly $410 million in year-to-date flows, compared to Solana’s $292.5 million. Nevertheless, XRP-based ETPs have reached a global total net inflow of $721 million, lagging behind Solana-linked ETPs, which lead with $844 million in inflows.