XRP News Today: Regulatory Clarity and Institutional ETFs Propel XRP 8% Rally

XRP Soared 8% as Franklin Templeton and Grayscale ETFs Kicked Off Trading, Marking a Pivotal Shift in Institutional Adoption

The XRP token surged 8.25% within 24 hours as two major institutional players, Franklin Templeton and Grayscale, launched their XRP exchange-traded funds (ETFs) on the NYSE Arca exchange on November 24, 2025. The move signaled a significant milestone in the cryptocurrency's journey toward mainstream acceptance, with the token's price climbing to $2.11 amid a wave of regulatory clarity and investor enthusiasm.

Grayscale Investments, the largest cryptocurrency-focused asset manager with over $35 billion in assets under management, introduced its XRP Trust ETF (ticker: GXRP) with a promotional 0% management fee for the first three months or until the fund reaches $1 billion in assets, whichever comes first according to reports. The fund, which holds approximately 6 million XRP tokens valued at $11.67 million, is stored securely by Coinbase Custody Trust Company as noted. Grayscale's senior vice president of ETF capital markets, Christa Lynch, emphasized the launch as a step toward expanding access to the XRP ecosystem according to analysts.

Franklin Templeton's entry into the XRP ETF space was equally impactful. The firm's XRP Trust (ticker: XRPZ) offered the lowest fee at 0.19%, with the first $5 billion in assets fully waived until May 31, 2026 according to market reports. David Mann, Franklin Templeton's head of ETF product and capital markets, described XRP as a "foundational role in global settlement infrastructure," highlighting its utility in cross-border payments as stated in a market analysis. The ETF's debut coincided with Grayscale's launch, adding to a growing list of XRP ETFs from Bitwise, Canary Capital, and others according to industry sources.

The competitive landscape for XRP ETFs intensified, with four products now trading in the U.S. market. Bitwise's XRP ETF charges 0.34% with a first-month waiver on the first $500 million in assets, while Canary Capital's XRPC carries a 0.50% fee as reported. Cumulative inflows for XRP ETFs reached $423 million as of November 21, with Bitwise's fund leading daily inflows at $11 million according to market data.

The regulatory environment played a critical role in the ETF launches. The U.S. Securities and Exchange Commission (SEC) approved Franklin Templeton's and Grayscale's products after a protracted legal battle with Ripple, which concluded in August 2025 with a $125 million settlement as reported. The ruling clarified that secondary-market XRP sales are not securities, removing a major legal hurdle for institutional adoption.

Market reactions were swift. XRP's price rebounded from a multi-month consolidation phase, reclaiming the $2.05 level and trading at a 7% daily gain. The token's market capitalization swelled to $127.43 billion, while 24-hour trading volume hit $4.73 billion according to market data. Institutional investors flocked to the new ETFs, with Franklin's XRPZ recording 768,692 shares traded on its first day. Meanwhile, Grayscale's GXRP saw $1.13 million in initial trading volume as reported.

Analysts attributed the surge to a broader shift in capital allocation. With Bitcoin and Ethereum ETFs attracting $238.4 million and $55.7 million in net inflows, respectively, on November 21, XRP's spot ETFs positioned the third-largest cryptocurrency as a viable alternative for diversified portfolios according to industry analysis. Roger Bayston, Franklin Templeton's head of digital assets, noted that XRP's low correlation with traditional markets makes it an attractive "building block" for crypto portfolios as stated.

The launches also underscored the growing institutional interest in crypto infrastructure. XRP's blockchain, known for its fast, low-cost transactions, has been increasingly adopted by banks for cross-border settlements as reported. As ETFs provide regulated access to the token, they reduce the operational complexities of self-custody, appealing to both retail and institutional investors according to market analysis.