On January 23, 2026, ARK Invest filed a CoinDesk 20 Crypto ETF proposal with the SEC. The filing assigns 19.88% to XRP, leaving Bitcoin at 32.4% and Ethereum at 20.69%.
Asset managers favor tokens that can absorb large capital without sharp price swings. XRP‘s deep order books and broad global trading fit that profile.
XRP also serves cross-border payments and settlement use cases in multiple markets. That real-world use and resolved regulatory questions lowered institutional hesitation (Ed. note: filing follows post-litigation environment).
The filing excludes stablecoins, memecoins, and privacy-focused tokens, focusing on assets with scale and depth. It names CSC Delaware Trust as trustee and targets listing on NYSE Arca, Inc.
If approved, the ETF would let traditional investors gain XRP exposure without direct spot purchases. That access could attract pension funds, wealth managers, and other institutional buyers.
XRP already appears in basket ETFs from Bitwise and Grayscale, and in Hashdex index funds. Five U.S. spot ETFs from Grayscale, Franklin, Bitwise, Canary, and 21Shares hold XRP.
Since Canary‘s November launch, spot ETFs drew about $1.23 billion in net inflows. That lifted total assets under management to roughly $1.36 billion.
