Spot
Related reading
GXRP, XRPZ See record debut
This week, the second wave of spot XRP ETFs went live, debuting with record performance. Notably, Grayscale and Franklin Templeton launched their XRP-based investment products, each recording over $60 million in net inflows during their first day.
On Monday, Franklin Templeton debuted the new XRPZ ETF on NYSE Arca, to emphasize that “its established utility in facilitating cross-currency settlement has made XRP a central part of the growing digital payments ecosystem.”
Additionally, Grayscale followed the same path as its other existing crypto-based private trusts, converting its XRP fund into the publicly traded GXRP ETF. In a major achievement, both funds broke Canary Capital’s XRPC record as the largest ETF debut of 2025.
As reported by NewsBTC, Canary Capital launched the first single-token XRP spot ETF on November 13, exceeding the initial expectations of several experts. After clearing the final regulatory hurdles, XRPC debuted on Nasdaq with total volume of $58 million.
Ahead of the launch, senior ETF analysts predicted that the fund could surpass the BSOL of Bitwise, which previously achieved this performance. After the first 30 minutes, XRPC surprised market observers with a volume of $26 million, indicating strong initial demand.
Meanwhile, BSOL recorded an impressive volume of $10 million in the first 30 minutes of trading, rising to $33 million by half-day. The investment product closed its debut with $57 million in volume, beating all 900 other launches of the year.
According to SoSoValue factsFranklin’s
XRP ETFs steal the spotlight
In addition to the notable launch of the Grayscale and Franklin Templeton mutual funds, the performance of the XRP ETF category on Monday surpassed that of other leading ETFs, including those based on the largest cryptocurrencies by market cap: Bitcoin (BTC), Ether (ETH) and Solana (SOL).
Canary Capital’s XRPC and Bitwise’s
This performance was followed by ETH ETFs, which recorded inflows of $96.6 million, led by BlackRock’s ETHA. Solana-based funds came in third with $58 million in positive net inflows, extending their 20-day streak with a total of $568 million in inflows, according to Farside Invest facts.
Related reading
Notably, spot
On the contrary, Bitcoin ETFs recorded the worst performance among the leading cryptocurrency funds. The investment products continued their choppy performance in November, starting the week with outflows of $151 million, led by BlackRock’s IBIT.
At the time of writing, XRP is trading at $2.18, down 1.6% in the daily time frame.
Featured image from Unsplash.com, chart from TradingView.com