XRP News Today: XRP ETFs Clear Regulatory Hurdles, Signal Mainstream Adoption

The U.S. cryptocurrency market is heating up, driven by a surge in XRP-focused exchange-traded fund (ETF) activity and growing institutional interest. 21Shares, a leading digital asset issuer, has signaled a potential launch of its spot XRP ETF, joining existing approvals from Grayscale and Franklin Templeton. The firm filed updated S-1/A documents on November 20, 2025, including the required Authorized Participant Agreement, a critical step before trading begins. Analysts suggest the ETF could debut within days to weeks, following 21Shares' typical regulatory timeline.

The XRP community has responded with fervor, with social media posts and influencer commentary amplifying expectations. "XRP ETF INCOMING," declared JackTheRippler, a prominent crypto voice, while others highlighted the broader momentum created by Grayscale and Franklin Templeton's recent NYSE Arca approvals. These approvals, confirmed on November 21, 2025, mark a pivotal shift in XRP's regulatory trajectory. After the SEC's prolonged legal battle with Ripple concluded earlier this year, barriers to mainstream adoption have crumbled, enabling major asset managers to enter the space.

Grayscale's XRP Trust is set to convert into a public ETF (ticker: GXRP), offering retail and institutional investors direct exposure to XRP for the first time. The firm's recent filings reflect structural updates to align with ETF standards, including a new reference rate provider for pricing accuracy as reported by Blockonomi. Meanwhile, Franklin Templeton's XRP ETF is poised for a November 24 listing, with a 20-day regulatory buffer before trading. Grayscale's product, expected to launch on November 25, will transition from a private trust to a public fund, enhancing liquidity and accessibility.

Market indicators further underscore the growing optimism. XRP traded around $1.95 as of November 21, 2025, outperforming Bitcoin and Ethereum in stability amid broader crypto volatility. Trading volume surged as anticipation for ETF-driven demand intensified. Analysts project that combined inflows across new XRP products could reach $10 billion over time, contingent on institutional adoption and macroeconomic conditions.

However, not all market participants are swept up in the hype. Critics like Dave W., a long-time XRP researcher, emphasize that ETF approvals represent only one facet of the asset's value proposition. He noted "Real value comes from XRP's role in cross-border payments, not ETF hype alone," he noted. Still, proponents argue that regulated ETFs will broaden XRP's appeal, particularly among risk-averse investors seeking familiar investment vehicles.

The impending launches position XRP to join Bitcoin, Ethereum, and Solana as fully supported ETF assets on major U.S. exchanges. This development marks a milestone for the asset, which faced years of regulatory uncertainty. With multiple XRP ETFs entering the market, the token is gaining traction as a mainstream financial instrument, potentially deepening liquidity and tightening supply.

As the XRP Army watches closely, the final countdown to 21Shares' ETF launch appears imminent. If confirmed, the product will solidify XRP's place in the evolving crypto-ETF landscape, reflecting broader investor confidence in digital assets' role in traditional markets.