XRP's rapid rise in the ETF space continues to attract loud voices from the traditional financial world.
In a tweet, Canary Capital CEO Stephen McClurg highlighted the “strong demand from institutional investors” that is driving the asset's breakout. His comments come as the XRP ETF nears the $1 billion milestone. The ongoing move marks one of the earliest initial growth phases in the history of U.S. crypto ETFs.
Canary capital: institutions rushing to join
In response to Ripple CEO Brad Garlinghouse, McClurg said Canary Capital recognized demand for XRP from institutional investors early on. He said he was “humbled” by the company's involvement, noting that his background in managing institutional capital made it impossible to ignore demand.
He also drew a connection between the surge in ETF inflows driven by XRP and the rise in Ripple's stablecoin RLUSD, predicting that under the leadership of Garlinghouse and the Ripple team, the stablecoin will “overwhelm other stablecoins.” According to McClurg, the growth of both products is interrelated.
We are very honored to be a part of this. I spent the majority of my career managing institutional funds, and Canary identified strong institutional demand for XRP.
Watch as RLUSD outperforms other stablecoins under the guidance of Brad and the Ripple team.
The growth of the two… https://t.co/8wlZ5Kx6UL— Stephen McClurg (@stevenmcclurg) December 8, 2025
Garlinghouse: XRP becomes the fastest since ETH to reach $1 billion
Garlinghouse's announcement highlighted how quickly XRP is gaining market share. Less than four weeks after its launch, XRP became the fastest US spot crypto ETF to reach $1 billion in assets under management since the Ethereum ETF in 2024.
Several crypto ETFs debuted in 2025 before XRP, but the XRP product overtook them all with record inflows.
For context, the Solana ETF began trading on October 28th and has recorded $640 million in inflows and $890 million in total assets to date.
Meanwhile, the XRP ETF, which began trading on November 13, has seen inflows of $935 million, putting it just shy of the $1 billion milestone.
The XRP ETF has reached this point with zero outflows since its launch. Major issuers such as Canary Capital, Grayscale, Franklin Templeton, Bitwise, and soon 21Shares are helping accelerate adoption.
XRP ETF inflow data
Ripple's CEO said the recent surge in investment highlights two important points. First, people are looking forward to a safe and regulated way to invest in cryptocurrencies. Second, strong community support is important for new investors entering through retirement or brokerage accounts.
Traditional finance wakes up to XRP
As the momentum continues, prominent portfolio manager Michael Gade revealed that he “might do something related to XRP.”
The comments gained attention given the success of other products. For many in the XRP community, Gayed's changes further confirm the growing curiosity from experienced institutional strategists.
Ripple says 'this is just the beginning'
Meanwhile, Ripple's CEO argues that crypto ETFs only account for 1-2% of the global ETF market, and there is significant room for long-term expansion.
And with the XRP ETF approaching the $1 billion mark faster than almost any other crypto product, the institutional wave may just be beginning.
Other commentators in the XRP community, such as YouTuber Moon Lambo, believe that the ongoing ETF record suggests that XRP has already proven to be a long-term, legitimate crypto asset. In his view, discussions about its longevity are now meaningless.
