XRP ETF Wave, Including EZRP Launch, Fails to Lift XRP Price

The anticipated wave of U.S. spot XRP exchange-traded funds (ETFs) is finally gaining momentum. Franklin Templeton’s EZRP and Amplify’s XRPM are scheduled to debut today on the CBOE BZX Exchange.

This follows Canary Capital’s strong XRPC launch last week. Many more XRP products are set to launch between November 20–25. Yet, XRP’s price remains under pressure. Inflows into altcoin ETFs highlight investor rotation, even as Bitcoin and Ethereum funds face outflows.

XRP Spot ETF Inflows vs. Bitcoin ETF Outflows

Canary Capital’s XRPC became the first U.S. Spot XRP ETF on November 13. By November 17, it had $268.47 million in cumulative net inflows. The daily inflow on November 17 stood at $25.41 million.

Total assets under management reached $257.08 million, according to SoSoValue data. This marks the strongest ETF debut of 2025, with $59 million in first-day volume. Bitcoin Spot ETFs, however, continued their outflow trend.

On November 17, BTC ETFs recorded net outflows of approximately $254.51 million. BlackRock’s IBIT led with $145.6 million in withdrawals. VanEck’s HODL saw its second-largest single-day outflow of $23.3 million, or 247 BTC.

Ethereum spot ETFs also reported outflows of $182.80 million that week. Altcoin ETFs tell a different story. Solana spot products extended a 15-day inflow streak, adding $8.26 million on November 17.

XRP and Solana funds reflect growing optimism for utility-driven assets. Investors are shifting capital from mature coins like Bitcoin to emerging altcoin ETFs.

Today’s Launches and the Coming Wave

Franklin Templeton’s EZRP will enter the market today on the CBOE. It comes with a low 0.19% expense ratio and Coinbase custody. Amplify ETFs will also debut today, with its XRP 3% Monthly Premium Income ETF, XRPM.

Both funds aim to ride the momentum of XRPC’s success. Analysts are projecting record-breaking inflows on Day 1. The XRP ETF pipeline is heating up fast. Bitwise may launch on November 20 at NYSE Arca with a 0.34% fee.

21Shares and CoinShares may also follow between November 20–22. Grayscale could also join the race on November 24–25 at NYSE Arca with a 0.35% fee. WisdomTree set to close out the month with launches on November 25 across CBOE and NYSE Arca.

This lineup shows how quickly XRP ETFs are rolling out. In just under two weeks, tremendous XRP ETFs will hit the market. Analysts expect inflows of $4–8 billion in the first year, a massive vote of confidence in XRP’s potential.

XRP Price Struggles Amid Tense Market Conditions

XRPC’s $268M net inflows reflected tepid optimism, at most, because XRP’s spot price has failed to break out. At the time of writing, XRP was trading at $2.18, representing a 3.72% decline over the last 24 hours. This shows that ETF enthusiasm hasn’t yet translated into market momentum.

Altcoin ETFs like SOL Spot and XRP Spot ETFs reported net inflows in the last two weeks. However, this could be attributed to the optimism associated with new products. Moreover, there’s excitement surrounding the launch of new altcoin ETFs soon. Bitcoin and Ethereum ETFs, most of which were launched in early 2024, showed steady outflows.

XRP holds a market capitalization of $ 131 billion. It records a heavy trading volume of $7.45B. This shows a clear disconnect between ETF demand and spot price performance.