Synopsis: XRP surged 8% on November 24, 2025, following launch of Franklin Templeton’s XRP ETF (XRPZ) and Grayscale’s XRP Trust ETF (GXRP) on NYSE Arca, marking a major institutional milestone.
XRP surged 8% on November 24, 2025, as Franklin Templeton and Grayscale launched new exchange-traded funds (ETFs) tied to the cryptocurrency on the NYSE Arca. Franklin Templeton’s debut XRP ETF (ticker XRPZ) arrived alongside Grayscale’s XRP Trust ETF (GXRP), marking a significant institutional milestone.
The launches followed earlier XRP ETF offerings from Bitwise and Canary Capital, triggering strong market excitement and rallying XRP prices to $2.25 after the regulatory green light from the SEC ended years of legal uncertainty.
Franklin Templeton’s XRP ETF Debut
Franklin Templeton, a major asset manager with $1.69 trillion in assets, launched the Franklin XRP ETF to provide investors with regulated and straightforward access to XRP’s price movements. The ETF, trading under the ticker XRPZ, is designed to track XRP’s value through the CME CF XRP-Dollar Reference Rate.
According to David Mann, Franklin Templeton’s ETF product head, the fund offers a “convenient and regulated way” to invest in a digital asset integral to global settlement infrastructure. Trading volume quickly ramped up, with NYSE Arca showing nearly 770,000 shares traded shortly after launch, reflecting strong initial investor interest.
Grayscale and Other XRP ETFs
Grayscale simultaneously debuted its GXRP ETF with a zero-fee promotional period for up to three months to attract investors. This new ETF simplifies XRP exposure without the hassles of direct crypto custody, making it appealing to institutional investors and retirement portfolios.
Other XRP ETFs from Bitwise and Canary Capital followed previous market successes, with Canary’s launch in mid-November gaining $250 million in assets under management on day one, setting a 2025 record for crypto ETFs. Combined first-hour trading volumes across these ETFs hit nearly $14 million, showing pent-up demand for XRP exposure from traditional finance players.
Renewed Investor Confidence
The SEC’s resolution of its lengthy legal case against Ripple Labs greatly boosted confidence in XRP. The agency officially ended its case with a $125 million settlement, clearing XRP from being labeled as an unregistered security.
This clearance enabled Franklin Templeton and others to gain SEC approval for their XRP ETFs, further legitimizing XRP as an institutional-grade digital asset. The regulatory change not only benefits XRP but also encourages a wave of altcoin ETFs, including upcoming products for Solana, Litecoin, Hedera, and Dogecoin, fostering broader crypto adoption within regulated markets.
Market Reaction and Future Outlook
XRP’s price surged about 8.25% on November 24, outperforming Bitcoin and Ether amid the ETF wave. Technical analysts predict further price breaks over $2.50, spurred by growing ETF volumes and rising stablecoin inflows. The growing institutional acceptance extends beyond XRP, as money shifts from traditional crypto giants to altcoins supported by regulated ETFs.
Experts foresee more XRP ETFs hitting the market soon from other major firms, with BlackRock rumored to file applications next. The launch of these funds marks a turning point, bringing a new level of legitimacy and accessibility to XRP investing.
Written By Fazal Ul Vahab C H