On Monday, newly launched spot XRP ETFs by Grayscale and Franklin Templeton began trading on NYSE Arca, recording over $60 million in investments on the first day. According to SoSoValue data, Grayscale’s GXRP ETF attracted $67.4 million, while Franklin Templeton’s XRPZ ETF amassed $62.6 million. These significant investments positioned the XRP ETFs ahead of other cryptocurrency ETF categories.
XRP ETFs Lead the Market
The strong performance of these two major ETFs was bolstered by contributions from Canary Capital’s XRPC and Bitwise’s XRP funds. As a result, spot XRP ETFs recorded a net inflow of $164.1 million on their first day of trading. Since their launch on November 13, total inflows have risen to $586.8 million, with no recorded days of negative flow. David Mann, the Head of ETF Product and Capital Markets at Franklin Templeton, emphasized XRP’s role as a fundamental cryptocurrency in the global payment infrastructure. In contrast, BlackRock has not yet entered the XRP or other new cryptocurrency ETF markets, maintaining its dominance in Bitcoin
$91,967 and Ethereum
$3,139 ETFs.
The price of the XRP coin rose by approximately 8.6% within the last 24 hours, reaching $2.20. The surge in investor interest indicates a renewed focus on XRP by both individual and institutional investors within the regulatory framework.
Performance Surpassing BTC, ETH, and SOL ETFs
On the same day, U.S. spot Bitcoin ETFs experienced a net outflow of $151.1 million, while Ethereum ETFs saw net inflows of $96.6 million, and Solana
$143 ETFs attracted $58 million. Solana ETFs have maintained positive inflow trends for 20 days since their launch, reaching a total of $568.3 million in inflows.
Grayscale also launched the first U.S.-based spot Dogecoin
$0.139586 ETF (GDOG) on Monday, although no inflows were recorded on opening day. Nate Geraci, President of NovaDius, described the DOGE ETF launch as a symbolic indicator of a profound shift in cryptocurrency regulation. According to Geraci, this development marks the beginning of a new era at the intersection of traditional finance and the cryptocurrency market.


