XRP News Today: XRP ETFs Approved: Payment Power Challenges Ethereum's Smart Contract Supremacy

The New York Stock Exchange has approved the listing of two new exchange-traded funds (ETFs) tracking XRP and Dogecoin, marking a significant expansion of institutional access to digital assets. Grayscale Investments, a leading crypto asset manager, announced that its Grayscale XRP Trust ETF (ticker: GXRP) and Grayscale Dogecoin Trust ETF (GDOG) will begin trading on NYSE Arca on November 24, 2025 according to reports. The moves follow regulatory clarity from the U.S. Securities and Exchange Commission (SEC) and reflect growing mainstream adoption of cryptocurrencies beyond Bitcoin and Ethereum as data shows.

Grayscale's XRP and Dogecoin trusts, previously structured as closed-end funds, will transition to ETF formats, a process finalized through amendments to their trust agreements according to filings. Both ETFs will charge a 0.35% management fee as reported, aligning with industry standards for crypto products. The XRP ETF's approval was facilitated by Ripple's 2023 legal victory against the SEC, which cleared the path for XRP-based investment vehicles as documented. Meanwhile, Dogecoin's inclusion underscores the market's appetite for meme coins, despite their speculative nature.

The launches come amid a surge in altcoin ETF activity. Bitwise Asset Management's XRP ETF (ticker: XRP) debuted on November 20, 2025, with a waived fee for the first month on initial $500 million in assets according to company announcement. Analysts note that XRP ETFs have already drawn substantial inflows, with Canary Capital's XRPC ETF recording $58 million in first-day trading volume according to market data. Franklin Templeton and other firms are also preparing XRP and Dogecoin ETFs, signaling broader institutional validation as reported.

Market participants view the ETF approvals as a catalyst for XRP's price action. Despite a recent 9% dip to $2, XRP rebounded to $2.12 ahead of the ETF launches, with trading volume rising 30% according to trading data. The asset's market capitalization now exceeds $128 billion as reported, though it remains a fraction of Ethereum's $373 billion. Analysts debate whether XRP can overtake Ethereum, citing XRP's payment-focused utility versus Ethereum's smart contract ecosystem as experts analyze. However, ETF-driven institutional demand and Ripple's $500 million investment in XRP Ledger (XRPL) infrastructure are seen as long-term bullish factors according to market analysis.

Regulatory developments continue to shape the landscape. The SEC's recent approval of spot Bitcoin and Ethereum ETFs created a framework for altcoin products, while the absence of a native smart contract layer on XRPL presents challenges for XRP's growth as reported. Nonetheless, the physical XRP holdings in ETFs-unlike futures-based products-are expected to stabilize supply dynamics over time according to industry experts.

With nine XRP ETFs approved in October 2025 alone as reported, the market is witnessing a structural shift in how digital assets are accessed. As Grayscale and competitors race to capture a share of the $250 trillion cross-border payments market according to industry projections, XRP's role as a transactional asset could gain further traction. For now, the November 24 launch date represents a critical test of whether institutional inflows can translate into sustained price appreciation for XRP and Dogecoin.