Vanguard 50 Million Clients Rush to Buy! Complete Guide to XRP Spot & Leveraged ETF: 10 Ticker Symbols and Fees

$11 trillion asset management giant Vanguard opens XRP ETF trading to clients, allowing 50 million users to trade spot and derivative XRP ETFs through brokerage accounts. The article lists the complete list of XRP ETFs curated by the XRP community, including 5 spot and 5 leveraged products. As of December 3, cumulative net inflows into XRP ETFs reached $874 million, with no recorded outflows to date.

Vanguard Platform: Complete List of 10 XRP ETF Tickers

XRP community opinion leader Chad Steingraber compiled a complete list of XRP ETFs currently available to Vanguard clients in a tweet. His list includes both spot and leveraged investment products related to the token, offering diversified XRP investment options to 50 million Vanguard clients.

5 Spot XRP ETFs

Bitwise XRP ETF (Ticker: XRP): Managed by Bitwise, tracks XRP spot price

Canary XRP ETF (Ticker: XRPC): First spot XRP ETF, with cumulative inflows of $355 million

Franklin XRP ETF (Ticker: XRPZ): Launched by Franklin Templeton, with cumulative inflows of $127 million

CoinShares XRP ETF (Ticker: XRPL): European crypto ETP leader entering the US market

Rex-Osprey XRP ETF (Ticker: XRPR): Jointly launched by RexShares and Osprey Funds

5 Leveraged XRP ETFs

Volatility Shares 2X XRP ETF (Ticker: XRPT): 2x leverage, daily trading volume of 1.13 million shares

Teucrium 2x Daily Long XRP ETF (Ticker: XXRP): 2x leverage, daily trading volume of 1.48 million shares

ProShares Ultra XRP ETF (Ticker: UXRP): 2x leverage, closing price $43.88

Volatility Shares XRP ETF (Ticker: XRPI): 1x tracking, closing price $20.73

Amplify XRP 3% Monthly Premium Income ETF (Ticker: XRPM): Covered call strategy, 3% monthly premium income

These XRP ETFs are now available to Vanguard’s 50 million clients, marking what many consider a significant milestone that could drive product demand. Spot products are suitable for long-term allocation, directly tracking XRP price movements; leveraged products are more suitable for short-term trading, but are highly volatile and may see returns eroded by roll costs in the long run.

$874 Million Zero Outflow Sets ETF Industry Record

Since the launch of the first US spot XRP ETF, Canary XRP ETF, in mid-November, cumulative net inflows have surged. As of December 1, the day before Vanguard opened access, cumulative net inflows reached $756.26 million. By the close of trading on December 2, inflows had increased to $824 million, a 8.95% increase in 24 hours. On December 3, it further increased to $874 million, with a single-day net inflow of $50.27 million.

This accelerated inflow is a direct effect of Vanguard opening up trading. Vanguard, with 50 million clients and $11 trillion in assets under management, is the world’s second-largest asset management company. This policy change means a massive potential buying force has been unlocked, with many new users entering the market immediately after gaining access.

According to SoSoValue data, on December 3, the largest single-day inflow was into Grayscale XRP ETF (GXRP), with a net inflow of $39.26 million, and a total historical net inflow of $209 million. Next was Franklin XRP ETF (XRPZ), with a single-day net inflow of $4.76 million and a total historical net inflow of $127 million. The four major spot XRP ETFs’ capital distribution is: Canary ($355.21 million), Bitwise ($177.19 million), Grayscale ($169.76 million), and Franklin ($121.85 million).

So far, these ETFs have not recorded any outflows. This “zero outflow” record is extremely rare in ETF industry history, indicating that most investors entering XRP ETFs are taking a long-term allocation approach. In the case of short-term speculative capital, inflows and outflows typically alternate rapidly with price fluctuations. Zero outflows indicate that investors are choosing to hold after buying, with no rush to take profits.

Supply Squeeze Effect Taking Shape

As inflows continue to rise, community figures like Chad Steingraber believe this milestone could significantly reduce the amount of XRP available on exchanges. This is because issuers of spot XRP ETFs must continuously accumulate XRP to support the shares issued, leading to a supply squeeze over time.

When an investor buys 1 share of an XRP ETF, authorized participants must purchase the corresponding amount of XRP from the market and deposit it with a custodian. $874 million in cumulative inflows means a corresponding amount of XRP has already been locked out of exchange liquidity. At press time, the total net asset value of XRP spot ETFs was $906 million, with a net asset ratio of 0.68%, meaning the ETFs hold XRP equivalent to 0.68% of total circulating supply.

Interestingly, more spot XRP ETFs, such as the newly approved 21Shares XRP ETF and the soon-to-be-launched WisdomTree product, are also expected to open to Vanguard clients soon. Once trading begins, cumulative net inflows could climb significantly above current levels. The price impact of this supply squeeze may gradually materialize in the coming months as exchange XRP inventories continue to decline, increasing the price impact of large buy orders.

Leveraged vs. Spot: How Should Investors Choose?

The 10 XRP ETFs on the Vanguard platform offer a full risk spectrum, from conservative to aggressive. Spot ETFs like Bitwise XRP (Ticker: XRP) and Franklin XRP (Ticker: XRPZ) are suitable for long-term allocation, directly tracking XRP spot price movements, with management fees typically ranging from 0.5% to 0.95%.

Leveraged products like Teucrium 2x (Ticker: XXRP) and ProShares Ultra (Ticker: UXRP) offer 2x leverage for short-term traders. These products are highly volatile, with daily price swings potentially reaching twice that of spot XRP. However, leveraged ETFs have a “time decay” issue, where long-term holding can see returns eroded due to daily rebalancing and roll costs.

The Amplify XRP 3% Monthly Premium Income ETF (Ticker: XRPM) is the most unique product, using a covered call strategy. This strategy involves holding XRP while selling call options to collect premiums as income. A 3% monthly premium sounds attractive, but it comes at the cost of limiting upside in rallies. If XRP prices surge, holders can only capture limited gains, as the call options will be exercised.

For Vanguard’s conservative clients, non-leveraged spot ETFs like Franklin XRP (XRPZ) may be the most suitable choice, balancing risk and return.