Two new spot XRP exchange-traded funds are now live and began trading on NYSE Arca on Monday, November 24, 2025, marking the latest milestone in the rapid expansion of regulated crypto products in the United States.
Franklin Templeton’s Franklin XRP ETF (ticker: XRPZ) and Grayscale’s XRP Trust ETF (ticker: GXRP) joined existing offerings from Bitwise and Canary Capital to give investors direct exposure to XRP without the operational burdens of self-custody.
Following the announcement, XRP is currently trading at approximately $2.14 as of November 24, 2025, up 4.79% in the last 24 hours despite overall market pressure on bitcoin.
The combined first-hour trading volume across the four actively traded XRP ETFs reached $13.9 million, according to NYSE data. Bitwise’s XRPT led with $4.54 million, followed by Franklin Templeton’s XRPZ at $4.00 million worth 176,191 shares and Grayscale’s GXRP at $1.13 million, equivalent to 28,045 shares. Total day-one volume is expected to exceed $20 million when final figures are released.
Why Both Issuers Are Practically Giving Away XRP Exposure (For Now)
Franklin Templeton is waiving its 0.19% sponsor fee on the first $5 billion in assets until mid-2026, while Grayscale introduced a temporary 0% fee structure to attract early liquidity. GXRP has started trading with approximately 6 million XRP in its holdings after its conversion from a private trust created back in September 2024.
“XRPZ offers professional custody and liquidity without the headache of holding tokens directly,” said Roger Bayston, head of digital assets at Franklin Templeton, in a statement following the launch of the ETF.
Krista Lynch, Grayscale’s senior vice president of ETF capital markets, described the GXRP listing as “another meaningful step in broadening access to the XRP ecosystem.”
Over 4 Billion Transactions and Counting: Why Institutions Are Paying Attention
Since mid-November, spot XRP ETFs from Bitwise and Canary Capital have collectively attracted more than $423 million in net inflows, an inflow that has surpassed recent flows into bitcoin and ether products, according to data compiled by The Block Research.
The XRP Ledger has processed over 4 billion transactions since its introduction in 2012, with various issuers continuing to emphasize the token’s role in cross-border payments and real-world settlement use cases powered by Ripple’s network.
What’s Next for XRP After Today’s ETF Milestone
XRP has maintained above key support near $1.75 and $1.85 despite an 8% dip from intraday highs near $2.03 in the previous session. Technical analysts are watching resistance at $2.16, with a potential move toward between $2.20 and $2.24 on sustained volume.
Longer-term predictions from market analysts, including JPMorgan and independent researchers, suggest total inflows into XRP ETFs could reach $4 billion to $8 billion over the coming years, figures that would place the category on the same level with early inflows seen by bitcoin and ethereum products.
