XRP experienced a surge, climbing as high as 8% on Monday, as two major players, Franklin Templeton and Grayscale Investments, began trading their new XRP Exchange Traded Funds (ETFs) on the NYSE Arca. This move is seen as a significant step in broadening investor access to XRP and integrating it further into mainstream finance.
ETF Details and Launch Information
Franklin Templeton launched its XRP ETF under the ticker XRPZ. The fund seeks to track the performance of XRP as measured by the CME CF XRP-Dollar Reference Rate. Franklin Templeton is offering an attractive 0.19% annual sponsor fee, which will be waived on the first $5 billion in assets until May 31, 2026. David Mann, Head of ETF Product and Capital Markets at Franklin Templeton, stated that XRPZ provides a regulated and transparent way for investors to access a digital asset that is playing a key role in global settlement infrastructure.
Grayscale Investments also launched its Grayscale XRP Trust ETF, trading under the ticker GXRP. While GXRP is not registered under the Investment Company Act of 1940, it aims to reflect the value of XRP held by the trust, less expenses. Grayscale also launched its Dogecoin Trust ETF (GDOG). Both GXRP and GDOG will have no management fees for the first three months or until the fund exceeds $1 billion in assets. After this initial period, the fee will be 0.4%. Krista Lynch, Senior Vice President, ETF Capital Markets at Grayscale, noted that GXRP's debut is a meaningful step in expanding access to the XRP ecosystem. Grayscale has approximately $35 billion in assets under management.
XRP Price and Market Dynamics
The launch of these ETFs appears to have positively impacted XRP's price. XRP is currently trading around $2.20, up 6.84% in the last 24 hours. Its market capitalization stands at approximately $133.77 billion. While XRP reached its all-time high of $3.65 on July 18, 2025, the recent ETF launches have renewed optimism for potential future growth.
Analysts suggest that the increasing institutional interest, coupled with regulatory clarity, distinguishes the current market conditions from previous eras. The launch of these ETFs provides a regulated avenue for institutions traditionally limited in direct crypto exposure.
XRP Ledger and Ecosystem
Launched in 2012, the XRP Ledger (XRPL) is an open-source, decentralized blockchain designed for payments, remittances, and tokenization. It facilitates low-cost, fast transactions, settling in 3-5 seconds, and is capable of handling 1,500 transactions per second. XRP, the native digital asset of the XRPL, is used for transaction fees and facilitating liquidity. The XRPL also features a decentralized exchange and custom tokenization capabilities.
Broader Market Impact
The debut of these XRP ETFs comes amid a growing trend of crypto-focused funds entering traditional finance. Canary Capital and Bitwise Asset Management launched their XRP ETFs earlier in November. On its first day, Canary Capital's XRP ETF, XRPC, attracted over $250 million in inflows.
The introduction of these ETFs is expected to broaden liquidity, reduce custody friction, and make XRP a more attractive asset class for investors.
