TLDR
New XRP (XRP) spot ETFs launched in mid?November 2025.
- Canary Capitals XRP ETF went live on 13 Nov 2025, recording strong debut flows per a media update.
- Bitwises XRP ETF launched on 20 Nov 2025 on NYSE under XRP, confirmed in a market report.
- Franklin Templeton and Grayscale targeted 24 Nov 2025 launches, based on coordinated filings in a coverage note.
Deep Dive
1. Canary Capital Debut
Canary Capital was first to market, launching its spot XRP ETF on 13 Nov.
- Coverage highlights that the launch occurred on 13 Nov 2025 and attracted substantial early inflows per a media update.
- Subsequent reporting cited almost $60 million in first?day volume for the XRPC fund, signaling strong initial demand per a launch?day recap.
Early momentum suggested institutional interest in regulated XRP exposure, with debut volumes comparable to other altcoin ETF starts.
2. Bitwise Launch
Bitwises spot XRP ETF began trading on 20 Nov under the ticker XRP.
- A detailed launch note confirms the 20 Nov start, 0.34% fee (waived for the first month on the first $500 million), Coinbase custody, and CF reference rate benchmarking in a market report.
- Intraday data showed nearly $22 million in early trading volume on launch day, reinforcing strong initial interest per a trading update.
A second US listing broadened access and signaled mainstream venue support, with pricing transparency and institutional custody.
3. Franklin Templeton and Grayscale Timing
Two more issuers targeted 24 Nov for their spot XRP ETFs.
- Coverage flagged Franklin Templetons XRP ETF set to debut on 24 Nov after NYSE Arca approval, with expectations for meaningful launch volumes per a timing update.
- Grayscales XRP ETF was also guided for a 24 Nov rollout, part of a coordinated wave of XRP products per a coverage note.
A cluster of launches concentrated liquidity into late November, likely increasing aggregate volumes and improving price discovery for XRP exposure via ETFs.
Conclusion
New XRP ETFs arrived in a rapid sequence: Canary on 13 Nov, Bitwise on 20 Nov, then Franklin Templeton and Grayscale on 24 Nov. The clustered launches increased regulated avenues to XRP exposure, with early volumes indicating real demand. If your goal is to monitor impact, watch aggregate ETF flows and day?one volumes around these dates for signals of lasting institutional participation.
