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Two major asset managers Grayscale and Franklin Templeton officially launched their spot XRP exchange-traded funds (ETFs) on the New York Stock Exchange Arca on the 24th, marking a significant milestone in the expanding altcoin ETF market.
Introducing Grayscale XRP Trust ETF (Ticker: $GXRP), now trading with 0% fees¹ from Grayscale, the world's largest crypto-focused asset manager².
Gain exposure to $XRP, the world’s 3rd largest digital asset³, driving innovation in global payments. Available in your brokerage… pic.twitter.com/rAzGrm0M6P
— Grayscale (@Grayscale) November 24, 2025
Grayscale’s new fund, the Grayscale XRP Trust (GXRP), recorded USD 67.36 million in net inflows on its first day, alongside USD 6.52 million in trading volume, bringing its assets under management (AUM) to USD 70.51 million.
Franklin Templeton’s XRP ETF (XRPZ) also delivered a strong debut with USD 62.59 million in net inflows.
LATEST: 📈 Grayscale and Franklin Templeton's new spot XRP ETFs pulled in $67.4M and $62.6M, respectively, on their first trading day on Monday, with all XRP ETFs combined attracting $164M in total inflows. pic.twitter.com/1DMKx64CqZ
— CoinMarketCap (@CoinMarketCap) November 25, 2025
Combined, the two XRP ETFs attracted USD 164 million on launch day, an exceptional start for any altcoin ETF, which is particularly notable given the broader digital asset market has been experiencing sustained outflows.
Institutional Demand Strengthens as Regulatory Clarity Grows
The strong inflows underline robust demand for regulated investment vehicles offering exposure to XRP, even as the crypto market navigates volatility. Asset managers have been actively expanding beyond Bitcoin (BTC) and Ethereum (ETH) into additional Layer-1 assets, with XRP gaining importance, especially following Ripple’s legal victory over the SEC.
This legal clarity has helped reduce perceived risks for institutional investors who had previously hesitated to allocate capital to XRP.
XRP ETFs are now demonstrating momentum on par with, or in some cases surpassing, BTC, ETH, and Solana (SOL) ETF activity. This is a stark contrast to the USD 20+ billion in cumulative outflows previously seen across Grayscale’s legacy BTC and ETH ETFs.
Altcoin ETF Market Expands; DOGE ETF Launched
Alongside the XRP ETF debut, Grayscale introduced the United States’ first spot Dogecoin (DOGE) ETF, offering early investors temporary zero-fee incentives, which is a move aimed at accelerating adoption and diversifying ETF offerings.
XRP’s price responded positively to the initial ETF demand, rising roughly 3% in 24 hours and trading near USD 2.08, outperforming Bitcoin’s gains over the same period. Analysts note increasing optimism, with some market watchers predicting a potential move toward USD 8 in the longer term.
More Altcoin ETFs on the Horizon
Success in XRP and DOGE ETFs has already begun to stimulate activity across the broader altcoin ETF sector. Canary Capital is preparing ETF launches for Litecoin (LTC) and Hedera (HBAR), offering more diversification options for investors seeking exposure beyond major cryptocurrencies.
Despite lingering regulatory uncertainties in the United States, strong institutional participation in XRP ETFs signals that appetite for altcoin exposure remains high. Analysts expect XRP’s performance could accelerate regulatory momentum for additional spot altcoin ETFs in the coming months.
