XRP is witnessing robust institutional demand, according to Canary Capital CEO Steven McClurg. This demand is significantly contributing to the asset's price growth, with the XRP ETF approaching $1 billion in assets under management. This marks one of the fastest early growth phases for a crypto ETF in U.S. history. Ripple CEO Brad Garlinghouse highlighted that XRP has become the fastest crypto ETF to reach $10 billion in assets under management since Ethereum's ETF in 2024. Additionally, McClurg noted a correlation between the surge in XRP ETF inflows and the rise of Ripple's stablecoin RLUSD, predicting it will surpass other stablecoins under Garlinghouse's leadership.
XRP ETF Nears $1 Billion AUM Amid Strong Institutional Demand
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