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Brad Garlinghouse, CEO and a member of Ripple’s Board of Directors, has revealed that over the past four weeks, XRP has become the fastest crypto exchange-traded fund (ETF) to reach $1 billion in assets under management (AUM) in the United States. According to the Ripple executive, this latest milestone was last seen with Ethereum.
Notably, the remarkable surge comes at a time when over 40 crypto ETFs have been launched in the U.S. alone. This recent development shows how crypto assets are aggressively being adopted.
Interestingly, while the announcement is a massive milestone, one major factor driving this momentum is the growing demand from investors who seek exposure to crypto without the complexity of private wallets and exchanges.
Garlinghouse noted that, by opening access through traditional retirement and trading accounts, Vanguard, a major financial platform, has made digital assets available to millions of Americans. He further explained that instead of diving into the functionality of Blockchain or becoming experts in the crypto space, people can now easily invest in digital assets the way they acquire stocks.
XRP’s ETF growth shows that people now care more about coins that last long and remain stable. In the past, most investors cared only about sudden price jumps. Today, some new investors don’t hang out in crypto chats or on social media. They want something safe to invest in for the future.
Unlike active traders, these investors aren’t following every market shift. Their long-term approach adds a sense of steadiness to the space. Meanwhile, strong communities continue to support leading crypto assets, with those proving resilient during past market cycles earning greater trust.
Following the announcement, the price of XRP did not increase. The crypto asset is currently changing hands at $2.08 at the time of writing, according to data from CoinGecko. Even as one of the long-lasting digital assets, the altcoin has bled red in recent weeks.
Besides the XRP ETF, the Solana ETF isn’t giving up either. According to a CoinTab report, in early November of this year, Solana spot ETFs maintained strong momentum as Bitcoin and Ethereum ETFs slipped. This also shows the growing confidence in the Solana ecosystem.
The post XRP ETF Becomes the Fastest to Hit $1B in Less Than Four Weeks appeared first on CoinTab News.
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