XRP-focused exchange-traded products posted one of their strongest quarters on record in Q3 2026, according to Blockworks’ latest quarterly report on Ripple. Global XRP ETPs recorded $355.3 million in net inflows, a 39.6% increase from $254.5 million in Q2, with $316.4 million arriving in August and September alone.
Assets under management across those products climbed 65.2% from $2.01 billion to $3.32 billion. Excluding futures-based funds, the amount of XRP held by ETPs rose 16.7% to 2.05 billion coins. Bitwise led issuers with $787.1 million in quarter-end assets, followed by 21Shares with $530.3 million, Franklin Templeton with $437 million and Canary Capital with $372.5 million. Together those four issuers represented 64% of total XRP ETP assets.
On the XRP Ledger, stablecoin supply surpassed $1 billion for the first time, reaching $1.03 billion. Ripple’s RLUSD drove the expansion, increasing 49.7% to approximately $1.01 billion and accounting for 98.1% of ledger-native stablecoin supply. Across all chains, RLUSD supply reached $2.52 billion. Stablecoin transfer volume rose 39.5% to $14.09 billion.
The report also highlighted growth in tokenized real-world assets. XRPL’s distributed tokenized RWA value increased 29.2% to $498.7 million, while represented RWA value climbed 32.4% to $4.75 billion. Institutional activity included the July 29 launch of a tokenized share class of the Aviva Investors USD Liquidity Fund with Ripple, using BNY Mellon as custodian, Komainu for custody support and Licuido for tokenization infrastructure. In addition, CSD BR announced plans to mirror BTG Pactual investment fund shares on XRPL.
Network metrics were mixed: payment volume increased 4.3% to 42.82 billion XRP, but payment transactions fell 33.6% and total transactions declined 8.6% to 203.23 million. Native DEX volume grew 20.2% to $614.8 million, with order-book trading accounting for 87.2%. Ripple also received full MiCA authorization from Luxembourg’s financial regulator on July 6, extending its regulated crypto payments product across all 30 European Economic Area countries.
