Key Insights
- XRP ETFs launched strong with $164 million in inflows on day one across four funds.
- Supply shock is building, with 263 million XRP removed from circulation in a single day.
- Future growth looks likely, as more issuers prepare launches and analysts project billions in inflows could drive prices higher.
On November 24, 2025, two new U.S. spot ETFs launched on NYSE Arca, joining two existing funds. Investors poured in $164 million in a single day, the second‑largest inflow ever for XRP ETF.
This surge highlights growing institutional demand and a shrinking supply of XRP tokens. With four active funds and more on the way, XRP is now standing alongside Bitcoin and Ethereum in regulated investment products.
Two New Giants Join the Market With Their XRP ETFs
Grayscale launched its XRP ETF under the ticker GXRP. It was converted from an existing trust structure. On day one, GXRP attracted $67.36 million in net inflows. The fund charges 0% fees for the first three months or until assets reach $1 billion, then a fee of 0.39%.
Franklin Templeton introduced its XRP ETF under the ticker XRPZ. This is a brand‑new, physically backed ETF. It recorded $62.59 million in inflows on its first day. Franklin Templeton set its fee at 0.19%, one of the lowest in the category.
The two existing ETFs also saw strong demand. Bitwise’s XRP added $17.71 million. Canary’s XRPC brought in $16.38 million. Together, the four funds reached a combined inflow of $164 million on November 24.
Total assets under management across all U.S. XRP ETFs now stand at $628.62 million. Cumulative net inflows since the first launch two weeks ago have reached $586.70 million.
This was a historic moment. XRP ETFs now stand as regulated, tax‑efficient products available through traditional brokerage accounts. Investors can choose between different sponsors, fee structures, and liquidity profiles.
Supply Shock and Market Impact
Every dollar invested in these ETFs forces issuers to buy and vault real XRP. On launch day alone, about 263 million XRP were removed from circulation.
Analyst Steingraber compared XRP ETFs to Bitcoin ETFs. He said Bitcoin funds had days with $1 billion inflows. If XRP ETFs grow to 12 funds, a $1 billion day would mean about $83 million per fund. He believes this level of demand could quickly change the market.
His projections show that five straight days of billion‑dollar inflows could absorb more than 2.2 billion XRP. This would remove a huge amount of supply in less than a week. Steingraber added that such pressure could lift XRP’s price sharply. Investors see this as a sign of strong future growth.
XRP price reflected the excitement. On November 25, it surged 8.5% in 24 hours, reaching $2.26. This performance outpaced Bitcoin, which rose 1.6%, and Ethereum, which gained 2.1%. At press time, it was trading at $2.22.
Broader Context and The Future of XRP ETFs
Ripple’s resolved SEC issues earlier in 2025 paved the way for XRP ETFs. Macro conditions also support growth, with the Federal Reserve signaling a possible December rate cut.
The U.S. market now offers four distinct XRP ETFs, each with unique features. Grayscale’s GXRP provides a temporary advantage with a 0% fee for the first three months. Franklin Templeton’s XRPZ stands out for having the lowest ongoing fee at just 0.19%.
Bitwise’s XRP has positioned itself as a mid‑tier option with strong early inflows. At the same time, Canary’s XRPC holds the distinction of being the first mover in the space. Together, they give investors diverse choices for regulated XRP exposure.
More XRP ETFs are coming soon. 21Shares has SEC approval, while WisdomTree and CoinShares are preparing launches. The rapid expansion proves XRP ETFs are becoming one of the fastest‑growing crypto investment products of 2025.
Moses K is a crypto journalist covering markets, regulation, and blockchain trends. He has written for The Coin Republic, Coinchapter, Cryptopolitan, Cryptotale, Coinspeaker, and MPost. Known for his concise, data-driven reporting, Moses focuses on price analysis, on-chain metrics, and policy developments shaping the global digital asset landscape.
