Grayscale and Franklin Templeton made a strong entrance into the U.S. spot ETF market this week, with both firms’ new XRP-focused funds pulling in more than 60 million dollars each on their first day of trading. The ETFs, listed on NYSE Arca, drew more attention than many of their Bitcoin, Ethereum, and Solana counterparts.
Grayscale’s GXRP, which shifted from a closed-end trust into an ETF, recorded 67.4 million dollars in net inflows. Franklin Templeton’s XRPZ, launched by the 1.5 trillion dollar asset manager, followed closely with 62.6 million dollars. Data from SoSoValue shows that interest in XRP funds ran deeper across the sector. Canary Capital’s XRPC added 16.4 million dollars, while Bitwise’s XRP product brought in 17.7 million dollars. Altogether, XRP ETFs gathered 164.1 million dollars on Monday.
Since debuting on November 13, pure spot XRP ETFs have collected a combined 586.8 million dollars in inflows. Not one has posted a day of outflows since launch. Franklin Templeton’s Head of ETF Product and Capital Markets, David Mann, described XRP as an asset that plays a foundational role in global settlement systems. Even so, major player BlackRock has avoided XRP products so far, focusing instead on its leading Bitcoin and Ethereum funds.
XRP rose about 8.6 percent on Monday during a broad crypto market rebound, trading around 2.20 dollars.
While XRP had a standout day, Bitcoin ETFs slipped back into net outflows totaling 151.1 million dollars. Ethereum ETFs attracted 96.6 million dollars in inflows, and Solana ETFs brought in 58 million dollars, extending their winning streak to 20 days with a cumulative 568.3 million dollars.
Grayscale also rolled out the first U.S. pure spot Dogecoin ETF. The fund saw no inflows on day one, but some industry watchers still viewed the launch as a sign of how much the regulatory landscape has shifted. NovaDius President Nate Geraci called the debut symbolic and highlighted the growing acceptance of a wider range of digital assets.
Launching tomorrow…
— Nate Geraci (@NateGeraci) November 24, 2025
Grayscale Dogecoin ETF.
First ‘33 Act doge ETF.
Some (many) might laugh, but I actually view this as a highly symbolic launch.
IMO, best example of *monumental* crypto regulatory shift over past yr.
Btw, GDOG might already be top 10 ticker symbol for me. pic.twitter.com/f3JejjeYe4
The early surge in XRP ETF demand signals that investors continue to expand their interest beyond the largest cryptocurrencies. As more products enter the market, competition among asset managers is shaping a broader and more varied ETF ecosystem.
