XRP News Today: XRP ETFs Outpace Bitcoin as Crypto Regulation Pivots

Grayscale and Franklin Templeton's U.S. spot XRP exchange-traded funds (ETFs) each attracted over $60 million in net inflows on their debut, marking a significant shift in crypto market dynamics. The combined $164.1 million in inflows for the category outperformed Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) ETFs, which saw mixed performance on Nov. 13, according to data from SoSoValue. Grayscale's GXRP secured $67.4 million, while Franklin Templeton's XRPZ pulled in $62.6 million, reflecting strong investor appetite for the asset. This surge came as XRP rebounded above $2.20, a 4% gain, driven by ETF-related optimism.

The XRP ETFs' success underscores growing institutional confidence in the token. Franklin Templeton's David Mann highlighted XRP's role in global settlement infrastructure, positioning it as a "foundational" asset according to the report. Meanwhile, BlackRock opted to focus on BTC and ETH ETFs, avoiding the XRP category for now. The inflows also outpaced those of smaller XRP funds like Canary Capital's XRPC and Bitwise's XRP offerings, which added $16.4 million and $17.7 million, respectively.

Market analysts linked the rally to broader ETF-driven optimism. XRP's price recovery followed a four-day decline, with traders noting the token's potential to break out if it holds above $2. CoinBureau data showed XRP ETF inflows trailed only those of BTC, ETH, and SOL on the first day, though the category has yet to face outflows since its Nov. 13 launch according to the report. The momentum has reignited discussions about XRP's utility, with Franklin Templeton emphasizing its role in decentralized networks.

The ETF launches also symbolize a regulatory pivot. Nate Geraci, president of NovaDius, called the DOGE ETF debut "a monumental crypto regulatory shift," hinting at broader acceptance of digital assets. XRP's resurgence contrasts with BTC's $151.1 million net outflows and ETH's $96.6 million inflows, suggesting niche tokens could gain traction as ETFs diversify.