XRP ETFs Hit the Market: Grayscale and Franklin Templeton Launch New Funds
Today, November 24, 2025, marked a significant milestone for XRP as multiple exchange-traded funds (ETFs) went live on the New York Stock Exchange (NYSE Arca). Grayscale and Franklin Templeton, two major asset managers, launched their XRP ETFs, providing investors with regulated access to the cryptocurrency.
The New ETFs:
- Grayscale XRP Trust ETF (GXRP): Grayscale’s GXRP offers direct exposure to XRP, allowing institutional and retail investors to invest without managing the asset directly. The fund started trading with $59 million in first-day volume and $250 million in assets under management.
- Franklin XRP ETF (XRPZ): Franklin Templeton’s XRPZ tracks the CME CF XRP-Dollar Reference Rate and is listed on NYSE Arca. The firm highlighted XRP’s role in global payments and settlement infrastructure.
- Canary Capital’s XRPC: Launched earlier this month, this ETF attracted $250 million in day-one inflows.
- Bitwise XRP ETF (XRP): Bitwise’s fund began trading last week, accumulating $118 million in assets ¹ ² ³.
Market Reaction:
Despite the positive news, XRP’s price dipped slightly to $2.08, with analysts noting technical resistance at $2.14-$2.15. However, the launches signal growing institutional interest in XRP, now the world’s third-largest crypto asset by market cap.
Why It Matters:
These ETFs offer a compliant, straightforward way for traditional investors to access XRP without custody challenges. With regulatory clarity improving, especially after Ripple’s settlement with the SEC, XRP’s integration into mainstream finance is accelerating.
The future looks promising, but as with any investment, volatility remains a factor.