XRP News Today: XRP ETFs Attract $180M Inflows as Bitcoin, Ethereum ETFs Lose $1.7B

The Grayscale XRP Trust ETF (ticker: GXRP) officially began trading on NYSE Arca on November 24, 2025, marking a pivotal moment in the evolution of crypto asset investment vehicles. The product, which converts Grayscale's previously private XRP Trust into a publicly traded exchange-traded product (ETP), offers investors direct exposure to XRP without the complexities of direct token ownership. The launch follows months of regulatory maneuvering and market anticipation, with Grayscale positioning GXRP as a bridge between institutional-grade infrastructure and the XRP Ledger's growing utility in cross-border payments.

GXRP's debut comes amid a broader surge in demand for altcoin-focused ETFs. The product initially launched as a private placement in September 2024 but transitioned to public markets after a 20-day SEC review period ended on November 23. Grayscale, which manages over $35 billion in digital assets, highlighted that GXRP carries a temporarily waived 0% management fee for the first three months or until the fund reaches $1 billion in assets. This structure aims to attract early adopters while competing with other XRP ETFs, such as Bitwise's product, which generated $22 million in trading volume within hours of its November 21 launch.

The XRP market itself has seen significant volatility ahead of the ETF rollout. On November 21, XRP's price fell to $1.85, a 18% decline from its recent peak, though it rebounded to $2.12 by November 20 according to market data. This volatility underscores the risks inherent in crypto markets, with Grayscale explicitly cautioning that GXRP is not registered under the Investment Company Act of 1940 and thus lacks the regulatory safeguards of traditional ETFs. The product's structure also means investors do not hold XRP directly, a design choice Grayscale attributes to custodial and compliance complexities.

The XRP Ledger (XRPL) has grown significantly in terms of adoption and functionality, especially in facilitating cross-border transactions according to recent reports.

This infrastructure has been a key factor in the development of products like the Grayscale XRP Trust ETF.

GXRP's entry into public markets coincides with a broader regulatory shift. The XRP Ledger (XRPL) recently surpassed 4 billion processed transactions, a milestone Grayscale cited as evidence of the network's maturity. Meanwhile, the SEC's approval of spot Bitcoin and Ethereum ETFs earlier in 2025 has paved the way for altcoin products, with Ripple's 2023 legal victory over the SEC further clearing regulatory hurdles for XRP-based offerings. Analysts note that GXRP joins a crowded field, with Franklin Templeton's XRP ETF (XRPZ) and Amplify's XRP 3% Monthly Premium Income ETF (XRPM) also launching in late November.

Market dynamics suggest a rotation into altcoins. While Bitcoin and Ethereum ETFs saw outflows totaling $1.7 billion last week according to market data, XRP products attracted $179.6 million in inflows, reflecting investor appetite for assets with emerging use cases. Grayscale's Krista Lynch, Senior Vice President, emphasized that GXRP's launch "broadens access to the XRP ecosystem," particularly for investors seeking exposure to the ledger's role in real-time liquidity provisioning and token issuance.

The ETF landscape is expected to expand rapidly. Bloomberg Intelligence estimates that over 100 crypto ETFs could launch in the next six months, with Grayscale's Chainlink Trust (GLNK) and additional Solana and XRP products already in the pipeline. For now, GXRP's debut signals a maturing market where institutional infrastructure and regulatory clarity are converging to redefine crypto investing.