XRP News Today: XRP ETFs Cement Asset as Crypto's Third Pillar in Mainstream Finance

The XRP cryptocurrency market is experiencing a surge in momentum as multiple spot exchange-traded funds (ETFs) gain regulatory approval and launch, signaling growing institutional confidence in the asset. Franklin Templeton and Grayscale's XRP ETFs received the green light from the U.S. Securities and Exchange Commission and began trading on NYSE Arca on November 21, 2025, marking a pivotal moment for XRP's integration into mainstream finance. These approvals follow months of anticipation and underscore the asset's increasing legitimacy in a rapidly evolving crypto landscape according to market analysis.

The recent wave of XRP ETF launches has expanded access for U.S. investors. Bitwise's XRP ETF (XRP), which debuted on November 20, attracted significant inflows, while 21Shares' TOXR ETF joined the market on Cboe BZX. Grayscale's GXRP, converting from its trust structure to an ETF, is set to list on November 25 as reported. With over a dozen XRP ETFs now available, including offerings from Canary Capital, Amplify, and ProShares, the product diversity caters to a range of investor preferences, from yield-focused strategies to leveraged exposure according to industry reports.

Market dynamics are shifting as these ETFs drive liquidity and demand. XRP's open interest-a measure of derivative contracts-exploded by 8.5% in a 24-hour period, with traders committing 1.82 billion XRP to futures positions. On-chain activity also surged, with a 33.9% increase in XRP burned as transaction fees, indicating heightened network usage. Despite a price correction that pushed XRP below $2, analysts argue the asset is nearing a critical support level that, if breached, could trigger a parabolic rally.

Regulatory clarity has been a key catalyst. The SEC's approval of XRP ETFs follows its settlement with Ripple Labs in August 2025, which resolved a four-year legal dispute over whether XRP constituted a security. This resolution, combined with the CME's XRP futures listing in May 2025, laid the groundwork for institutional adoption according to industry sources. Franklin Templeton's XRPZ ETF, structured as a grantor trust with Coinbase as custodian, emphasizes regulated custody and daily transparency, appealing to risk-averse investors.

The market impact extends beyond price action. XRP's role in cross-border payments and its low correlation to traditional assets position it as a strategic addition to diversified portfolios. Analysts at Black Swan Capitalist and Forbes predict long-term price targets of $5.25 by 2030, driven by XRP's utility in global settlement infrastructure. Meanwhile, concerns about market manipulation persist, particularly given XRP's concentration among large holders, though ETF issuers are implementing surveillance measures to mitigate risks.

As the XRP ETF landscape matures, the focus now shifts to fund performance and investor behavior. With fees as low as 0.19% for Franklin Templeton's offering and initial inflows exceeding $100 million for some products, competition among providers is intensifying. The coming months will test whether XRP can replicate the success of Bitcoin and Ethereum ETFs, solidifying its status as a third pillar of crypto investing according to market experts.