Which XRP ETFs launched this week?

TLDR

Grayscale XRP Trust ETF (GXRP) and Franklin Templeton XRP ETF (XRPZ) launched on NYSE Arca on 24 Nov. The listing was cleared by the exchange ahead of Mondays open per an exchange approval report.

1. Both funds went live the same day, adding regulated U.S. access to XRP (XRP) via NYSE Arca.
2. Launch-day demand was strong, with roughly 80 million XRP absorbed across the two products per a market update.

Deep Dive

1. What Launched

Two spot products listed this week: Grayscale XRP Trust ETF (GXRP) and Franklin Templeton XRP ETF (XRPZ), both on NYSE Arca on 24 Nov. The exchange confirmed the listings would begin Monday after certifying approval for registration, clearing the way for trading to start that day (exchange approval report). Separate coverage highlighted that Grayscales XRP product went live on NYSE Arca as part of the current wave of single-asset crypto ETFs (launch coverage).

2. Early Flows And Context

On launch, Grayscales GXRP drew about $67.4 million and Franklins XRPZ drew about $62.6 million, and together they absorbed nearly 80 million XRP within 24 hours, pushing total XRP ETF AUM toward the high hundreds of millions (market update). Industry press also noted both funds first-day traction as part of a broader shift from single-asset Bitcoin and Ethereum products toward diversified altcoin offerings (institutional commentary).

For context, earlier in November, Canary Capitals XRPC and Bitwises XRP products also launched, and another XRP ETF from 21Shares (TOXR) is slated to list next, expanding the menu of U.S. XRP access points (market update above).

Conclusion

This weeks U.S. listings were Grayscales GXRP and Franklin Templetons XRPZ on NYSE Arca, adding regulated vehicles for XRP exposure. The strong initial intake suggests real demand, but the key signal is whether inflows persist in the coming sessions as more issuers join the lineup.