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XRP ETFs See Strong Debut as Crypto Finds a Tentative Footing

Fresh XRP listings drew about $130 million on day one, signaling institutional interest despite mixed market signals.

Overview

  • Grayscale’s GXRP and Franklin Templeton’s XRPZ began trading on NYSE Arca and attracted roughly $130 million combined, coinciding with a 5–8% XRP bounce to about $2.20–$2.25.
  • Analysts highlight $2 as key support and $2.20 as a near-term trigger for XRP, with price action framed by a multi‑month channel that points next to resistance near $2.60.
  • US spot Ethereum ETFs logged $96.67 million in net inflows on Nov. 24, including about $92.6 million into BlackRock’s fund, as ETH held above roughly $2,900.
  • Bitcoin recovered from a low near $80.5k to the mid‑to‑high $80ks, while derivatives data showed negative funding and heavy interest in $80k puts, reflecting defensive positioning.
  • On‑chain data showed accumulation by larger holders, including 91 new BTC wallets with 100+ coins and whale cohorts adding roughly 440,000 ETH, even as broader sentiment stayed cautious with rising rate‑cut odds.