Overview
- Spot XRP ETFs recorded $164 million in net inflows on Nov. 24, led by Grayscale’s GXRP with $67.36 million and Franklin Templeton’s XRPZ with $62.59 million.
- XRP traded near $2.20–$2.24 after a 7–8% daily gain, with volumes rising as the new funds began trading on NYSE Arca.
- Cumulative flows into the four U.S. spot XRP funds reached roughly $586–$587 million within about two weeks, surpassing Solana ETFs by the same metric.
- Product structures differ: Grayscale’s GXRP is an exchange‑traded product not registered under the Investment Company Act of 1940, while Franklin’s XRPZ holds XRP with Coinbase custody and calculates NAV from the CME CF reference rate.
- Issuers are using aggressive fee waivers, including GXRP’s 0% fee for three months up to $1 billion and XRPZ’s 0.19% fee waived on the first $5 billion, with additional XRP ETFs from 21Shares and CoinShares reported to be next in line.