Grayscale’s long-awaited XRP Trust ETF (GXRP) will officially begin trading on NYSE Arca on Monday, November 24, 2025, marking another major step in bringing XRP into the U.S. regulated ETF landscape. The launch gives investors stock-like exposure to XRP and arrives just days after Bitwise’s own spot XRP ETF went live, setting up a wave of institutional-focused products entering the market simultaneously.
GXRP will trade under the ticker GXRP, carry a 0.35% management fee, and follows a regulatory environment shaped by the SEC’s prior approval of spot Bitcoin and Ethereum ETFs. Grayscale is converting its former private-placement XRP Trust into this new ETF format, making it accessible to a far wider investor base. Rival issuer Franklin Templeton is also preparing its competing XRP ETF, signaling a rapidly expanding field.
XRP’s price action has been turbulent ahead of these debuts. As of November 22, XRP trades near $1.92, falling below the $2 level during the week as broader market weakness weighed on sentiment. Still, institutional demand appears strong: the newly launched Bitwise XRP ETF recorded $105 million in first-day inflows, one of the highest early inflow figures recorded for a non-Bitcoin crypto ETF.
Analysts view this ETF rollout as a significant moment for XRP’s mainstream adoption. The new products offer compliant access for both institutions and retail investors, potentially strengthening liquidity and positioning XRP more competitively alongside Bitcoin and Ethereum in regulated markets. However, the recent price dip reinforces that ETF availability alone cannot fully shield XRP from wider crypto-market volatility.
With three issuers pushing XRP ETFs into the U.S. market, Monday’s opening will be closely watched for signs of how much fresh demand this new chapter can unlock.
