Overview
- Multiple spot XRP ETFs from Rex/Osprey, Canary, Grayscale, Bitwise and Franklin Templeton launched in late 2025, drawing nearly $1 billion in net inflows with no recorded outflow days by mid‑December.
- Ripple received conditional approval for a U.S. National Bank Charter in December, with reserves held at Bank of New York Mellon, positioning the firm to expand regulated U.S. services.
- RLUSD reached roughly $1.3 billion to $1.4 billion in market value within a year of launch, supported by integrations with Mastercard/WebBank for card settlements, Securitize’s tokenization platform and expanded permissions in Singapore.
- Ripple spent about $2.7 billion on acquisitions in 2025—Hidden Road (rebranded as Ripple Prime), GTreasury, Rail and wallet provider Palisade—and later raised $500 million at a $40 billion valuation.
- XRP set a new all‑time high near $3.65 in July before sliding about 48% by mid‑December, with reports pointing to broader market weakness and technical pressures; native lending on XRPL is planned for 2026 pending governance votes.