XRP News Today: XRP ETF Shatters Records as Crypto Markets Waver

The XRP exchange-traded fund (ETF) launched by Canary Capital has shattered expectations, securing $250 million in inflows and $58 million in trading volume on its debut, marking the largest ETF launch of 2025. The fund, trading under the ticker XRPC, outperformed all other crypto and traditional ETFs this year, signaling a surge in demand for altcoin exposure. This milestone follows a historic 43-day U.S. government shutdown, which had paused regulatory approvals, and comes as issuers regain momentum in the post-shutdown landscape.

The ETF's success is attributed to its in-kind creation and redemption model, a structure approved by the SEC in July 2025. This mechanism allows investors to exchange XRP tokens directly for ETF shares, bypassing cash transactions and enabling higher inflows than traditional models. Nate Geraci of the ETF Store highlighted that in-kind creations explain the disparity between the $250 million in inflows and the $58 million in trading volume. The model has also attracted institutional investors, who previously faced regulatory hurdles in direct crypto holdings.

XRP's price surged over 200% in 2025 amid ETF anticipation, trading at $2.30 despite a 37% decline from its July record of $3.65. Smart money traders added $44 million in net long XRP positions post-launch, according to Nansen data. However, broader crypto markets dipped, with Bitcoin down 6.2% and Ethereum down 9.5% in the past 24 hours according to financial reports. Analysts like Ryan Lee of Bitget note that XRP's performance reflects a "healthy reset" rather than a bearish trend, with potential for further gains as confidence stabilizes.

The XRP ETF's debut has also intensified competition among asset managers. Bitwise, Grayscale, and Franklin Templeton are set to launch their own XRP ETFs, with Bitwise's product expected to debut this Thursday. Grayscale, which amended its XRP Trust, aims for a November 24 launch alongside Franklin Templeton. This synchronized rollout underscores a broader shift toward regulated crypto investment vehicles, with XRP ETFs now managing over $277 million in assets.

Ripple, the firm behind XRP, has capitalized on the momentum. A $500 million funding round in November valued the company at $40 billion, while partnerships with Mastercard and Gemini aim to integrate XRP into stablecoin credit card transactions. These moves position XRP as a key player in financial infrastructure, despite regulatory scrutiny that has seen prosecutors continue pursuing Ripple's former CEO, Brad Garlinghouse.

Meanwhile, the market eyes the potential launch of a Dogecoin ETF next Monday, following a similar regulatory green light. Analysts predict a wave of altcoin ETFs in the coming months, fueled by improved oversight clarity and institutional demand. As XRP and DOGE ETFs gain traction, they could redefine crypto's role in traditional portfolios, with Polymarket bettors giving XRP a 44% chance of hitting $2.60 by year-end according to market analysis.