U.S. spot XRP exchange-traded funds (ETFs) are nearing $1 billion in net inflows, marking the most successful altcoin ETF launch to date and underscoring Wall Street’s growing conviction in the asset following the resolution of Ripple’s legal battle with U.S. regulators.

The funds, introduced on Nov. 14, have logged 15 consecutive days of inflows, accumulating a net $897.35 million, according to data from SoSo. Products from Canary Capital, Grayscale, Bitwise and Franklin Templeton have captured the bulk of those allocations. Mati Greenspan, founder of Quantum Economics, said the momentum is unlikely to slow.

“It will absolutely continue this momentum and reach the milestone shortly. The pathway is already cleared,” Greenspan told CoinDesk.

He added that XRP’s surge in institutional demand is less about renewed enthusiasm for the technology and more about its unique position in the market. “XRP is being swept up in the broader institutional wave simply because it already has the liquidity, the brand, and now the green light from regulators,” he said.

Investor confidence has strengthened since the conclusion of Ripple’s court case with the U.S. Securities and Exchange Commission in August. The ruling affirmed that XRP is not a security, though Ripple was fined $125 million for past violations.

“Institutions are responding to its newfound regulatory clarity, its current market position and long operational history,” Greenspan noted. “XRP hasn’t shown the same pace of innovation or user-driven traction as some of the newer networks, but legacy matters.”

Over-the-counter (OTC) desks have also played a key role in sustaining inflows during the recent market pullback that weighed on bitcoin (BTC) and ether (ETH), according to analysis from Investing. OTC channels provide stability and enable XRP ETFs to attract institutional flows that may be more resilient than those seen during the BTC and ETH ETF launches.

With inflows approaching the $1 billion threshold in under a month, XRP ETFs now rank among the fastest-growing major crypto-asset investment vehicles—an early sign of the asset’s deepening acceptance within traditional finance.