XRP News Today: XRP Stands Strong Amid Crypto Downturn as ETFs Attract Unprecedented Investments

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XRP News Today: XRP Stands Strong Amid Crypto Downturn as ETFs Attract Unprecedented Investments

Bitget-RWA2025/11/24 20:52

By:Bitget-RWA

- XRP surged 8% to $2.03 as Franklin Templeton's XRPZ ETF and Grayscale's GXRP ETF launched, signaling institutional confidence in the cryptocurrency. - XRP-focused ETFs attracted $422M in inflows since November, outperforming Bitcoin and Ethereum amid broader crypto market volatility. - Franklin Templeton's XRPZ offers 0.19% fee waivers up to $5B and daily liquidity, while Grayscale's GXRP provides zero fees for three months. - XRP's growth is attributed to cross-border payment utility and Ripple's $2.7B

XRP jumped by more than 8% over the last day, reaching close to $2.03, following the launch of Franklin Templeton's

XRPZ

exchange-traded fund (ETF) and regulatory clearance for Grayscale's

XRP Trust ETF

(GXRP). These introductions highlight increasing institutional trust in

XRP

, with experts predicting strong capital inflows and a possible transformation in the crypto ETF sector

according to reports

Franklin Templeton's XRPZ, designed as a grantor trust that holds XRP tokens, seeks to give investors regulated access to the asset, along with daily liquidity and transparency

as per reports

. The fund waives its 0.19% sponsor fee on the first $5 billion in assets through mid-2026, making it a competitively priced choice for institutional clients

according to Franklin Templeton

. Analyst Chad Steingraber projected that trading volume on the first day could hit $30 million, fueled by new investments rather than pre-existing liquidity

as reports indicate

This ETF launch comes after a series of XRP-centric offerings, such as Bitwise's and Canary Capital's spot XRP ETFs, which have

collectively drawn over $422 million

in net new investments since November 14. Despite recent turbulence in the crypto sector, XRP ETFs have outperformed their

Bitcoin

and

Ethereum

peers, which together experienced $1.7 billion in outflows

according to market data

. Canary Capital's

XRPC ETF

, the first spot XRP ETF in the U.S., attracted $250 million on its opening day, setting a new record for 2025 launches

as reported

XRP's latest price surge stands out against the broader market downturn, as the token brought in $89.3 million in net inflows last week, while Bitcoin and Ethereum saw notable outflows

according to market data

. Analysts link this divergence to XRP's role in international payments and Ripple's investments in infrastructure, including $2.7 billion spent on custody and stablecoin acquisitions

as reported

. "XRP serves as a core component in global settlement systems," stated Roger Bayston, Franklin Templeton's digital assets lead

according to company statement

Recent regulatory changes have further propelled XRP's momentum. The U.S. Securities and Exchange Commission (SEC) has approved the Bitwise 10 Crypto Index ETF, which allocates 4.97% to XRP

according to regulatory filings

. At the same time, Grayscale's

GXRP

and Dogecoin Trust ETF (GDOG) debuted on NYSE Arca, with GXRP offering no management fees for the first three months

as per trading updates

. These regulatory green lights point to a broader acceptance of crypto assets, though the sector remains risky due to price swings and ongoing compliance issues

as market analysts note

Looking forward, the ETF market may see heightened rivalry between single-asset and index-based products. Although institutional interest in XRP is rising, larger economic trends—such as Federal Reserve policies—are expected to shape overall market direction

according to market analysis

. For now, XRP's strong showing highlights its expanding significance as a regulated, utility-focused asset within the evolving crypto landscape.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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