XRP ETF launches, led by XRPC, triggered massive institutional inflows and record early trading volumes.
XRP price faced short-term pressure despite strong ETF demand due to whale sell-offs and market volatility.
A growing lineup of global XRP ETFs is reshaping long-term market structure and boosting investor confidence.
The recent launch of the first spot XRP ETF has created a strong wave of institutional interest. These new investment products have changed how large investors access the asset and have pushed the cryptocurrency into a new phase of market attention. Even though XRP price remains volatile, the inflows show that institutions are now treating the asset as a serious long-term option.
A major milestone came with the arrival of Canary Capital’s spot XRP ETF, trading under the ticker XRPC. It was listed on Nasdaq on 13 November 2025 and immediately set records. According to released figures, the fund recorded about $59 million in trading volume on day one. By the close of the first session, it reported around $250 million in assets under management.
In just the first three days, the buying activity became even stronger. A group of three XRP ETFs received about $245 million in inflows. Canary’s product alone crossed $58 million in first-day volume and reached more than $268 million in inflows within 72 hours. This made it one of the most successful ETF launches of 2025, even surpassing the debut of popular crypto ETFs such as Bitwise’s Solana product.
The launch of XRPC was only the beginning. A detailed timeline shows that seven major XRP ETFs are scheduled to go live between 13 and 25 November 2025. The issuers behind these funds include some of the most important names in global asset management, such as Franklin Templeton, Bitwise, 21Shares, CoinShares, Grayscale, and WisdomTree.
Franklin Templeton’s ETF, EZRP, is considered a key addition as the firm manages around $1.5 trillion in assets and can bring XRP exposure to retirement accounts, large adviser networks, and wealth platforms.
Bitwise is also preparing its own spot XRP ETF for the US market, targeting hedge funds, family offices, and professional crypto investors.
21Shares and CoinShares are expanding the XRP ETF market internationally, especially in Europe, where many investors already use crypto ETPs.
Grayscale is also preparing to convert its existing XRP Trust into the Grayscale XRP Trust ETF, expected to trade under the ticker GXRP on NYSE Arca around 24 November 2025, once approvals are finalized.
WisdomTree is planning another spot XRP ETF aimed at traditional portfolios and conservative investors.
In addition to the US and European products, Brazil has already approved the Hashdex Nasdaq XRP Fund, making it the first spot XRP ETF in that country. This shows that the interest in regulated XRP products is growing around the world.
Also Read: XRP Adoption Expands as More Banks Test Ripple Technology
Despite massive inflows into the new ETFs, XRP’s price has not moved upward in a straight line. Instead, the token has faced a “sell-the-news” reaction, similar to what happened after the first US Bitcoin ETFs went live in 2024.
Market data shows XRP trading around $2.23 after falling more than 12 percent from recent highs. Roughly 200 million XRP were reportedly sold by large holders in the two days following the launch of XRPC. This selling activity put downward pressure on the price even as ETF inflows reached more than $245 million.
A separate update places XRP price near $2.11 after almost a 30 percent drop from early October. The decline is partly linked to weaker global markets and outflows from Bitcoin ETFs. Still, Canary’s XRPC continued to receive positive inflows on day five, reporting about $26.5 million in volume and $13 million in new capital. Expectations are rising for the Franklin and Bitwise XRP ETF launches during the same period.
The introduction of spot ETFs is reshaping how institutions interact with XRP. These funds allow large investors to buy XRP in a regulated structure without directly holding tokens. This is valuable for pension funds, insurance companies, and many other financial institutions that must follow strict rules.
The ETFs also create deeper market liquidity by bringing heavier trading volume. Strong first-day and first-week volumes from XRPC and expected interest in EZRP and other upcoming products help tighten trading spreads, making XRP more efficient for large transactions.
Many ETF purchases also happen through over-the-counter deals on a T+1 settlement basis. This means that early inflows often do not appear immediately on exchanges or blockchain data, so the true demand for XRP during the launch period may be even higher than reported.
The rise of XRP ETFs comes during a complicated macro environment. Central bank updates and lower expectations for a rate cut in December 2025 have hurt risk assets, including major cryptocurrencies.
On the regulatory side, however, progress is clear. Brazil’s approval of its XRP ETF was an early signal. The US Securities and Exchange Commission has also acknowledged XRP ETF filings from several issuers, following a process similar to the one used before Bitcoin and Ethereum ETF approvals. Grayscale’s planned GXRP listing adds to expectations that at least some US XRP ETFs will become fully operational soon.
Short-term conditions remain challenging. XRP is trading below key resistance levels between $2.40 and $2.60, while support lies between $2.00 and $2.10. Market sentiment shows caution, especially after recent price drops.
Long-term expectations are more optimistic. Analysts believe that if ETF inflows continue to reach hundreds of millions of dollars per month, XRP may eventually see a significant revaluation. These projections are based on global economic conditions, regulatory clarity, and whether ETF demand continues to grow.
Also Read: XRP Traders Beware: What a 20x Short Really Means?
The early XRP ETFs have already proven three important developments. They have shown strong and immediate demand. These products have also created a large and diverse group of issuers. They have continued expanding XRP access into major global markets.
The first wave of XRP ETFs has clearly opened a new chapter for the asset. The key question now is how quickly the market can balance the heavy institutional buying with the large-scale selling from major holders, and how future ETF launches shape XRP’s long-term value.
1. What is the XRP ETF?
The XRP ETF is a regulated investment fund that gives investors direct exposure to XRP without needing to hold the token themselves.
2. Why is the XRPC ETF important?
XRPC recorded one of the strongest ETF debuts of 2025, attracting major institutional inflows and boosting interest in XRP as an investable asset.
3. How are ETFs affecting the XRP price?
ETFs are driving strong inflows, but short-term XRP price movement remains volatile due to profit-taking and broader market conditions.
4. Which institutions launched XRP ETFs?
Major issuers include Canary Capital, Franklin Templeton, Bitwise, 21Shares, CoinShares, Grayscale, and WisdomTree.
5. Will more XRP ETFs launch soon?
Yes, several additional XRP ETFs are expected to go live globally, further expanding access for retail and institutional investors.
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