In the grand theater of finance, where the actors are many and the plot ever-twisting, a new drama unfolds-a pre-Thanksgiving surge in XRP ETFs, as if the market itself were preparing a feast for the institutional giants. 🦃🍽️ The issuers, with their eyes fixed on the horizon of rising demand, march forward, their products a testament to the insatiable appetite for regulated access, liquidity, and the promise of wider participation.
Ripple CEO Proclaims the XRP ETF ‘Turkey Trot’ as Grayscale and Franklin Prepare for the Grand Stage
Ah, the institutions-those titans of the financial world-have spoken, and their voice carries the weight of a thousand ledgers. Their demand for crypto exposure grows, and in response, a wave of new XRP exchange-traded funds (ETFs) crests, timed with the precision of a Swiss watchmaker. The issuers, ever attentive, position their products for those seeking the safety of regulation in the wild west of digital assets. And so, the launches cluster like leaves in autumn, all pointing to the week before Thanksgiving.
Brad Garlinghouse, the CEO of Ripple, took to the social media platform X on November 20, his words echoing through the digital halls:
“The pre-Thanksgiving rush-or, as I like to call it, the ‘turkey trot’-for XRP ETFs begins now. 🦃💨”
He did not forget to tip his hat to Bitwise, whose XRP ETF (NYSE: XRP) had just begun its journey the week prior. This followed the debut of the Canary Capital XRP ETF (Nasdaq: XRPC) on November 13. Garlinghouse’s words align with the whispers that Grayscale’s XRP ETF and Franklin’s XRP ETF will take their first steps on November 24.
Grayscale, ever the meticulous architect, filed with the U.S. Securities and Exchange Commission (SEC) a blueprint of their GXRP product. It speaks of continuous issuance, an arbitrage mechanism involving authorized participants, and pricing tied to Coindesk’s XRP CCIXber Reference Rate. Custody, that sacred trust, is placed in the hands of Coinbase Custody Trust Company LLC, with cash-based creations and redemptions until in-kind approval is deemed fit. Franklin Holdings LLC, not to be outdone, submitted Amendment No. 3 to their Form S-1 registration statement for the Franklin XRP ETF, sponsored by the Franklin XRP Trust. This ETF, expected to grace the NYSE Arca under the ticker XRPZ, aims to mirror the XRP market using the CME CF XRP-Dollar Reference Rate – New York Variant.
James Seyffart, Bloomberg’s ETF analyst, shared his insights on X:
“Our base case is that Grayscale’s XRP ETF will debut on Monday the 24th, alongside their Dogecoin ETF. And Franklin’s XRP ETF may join the fray on the same day. A week of financial feasts awaits. 🍗📈”
Other managers join the chorus, their voices adding to the crescendo. The 21shares XRP ETF, destined for the Cboe BZX Exchange, seeks to track the CME CF XRP-Dollar Reference Rate, with XRP custodied by Coinbase, Anchorage Digital Bank, and Bitgo. This broadening of ETF availability promises deeper liquidity for XRP, clearer pricing signals, and a smoother path for institutional investors into the realm of digital assets. Crypto supporters argue that these regulated ETFs bring transparency, reduce friction compared to offshore venues, and open new avenues for institutional participation.
FAQ 🧭
- Why the rush of XRP ETFs before Thanksgiving?
The issuers, like pilgrims to a financial feast, cluster their launches around November 24 to capture the accelerating demand for regulated XRP exposure during a time of heightened market attention. 🦃📈 - How do Grayscale and Franklin’s XRP ETFs enhance institutional access?
Both offerings provide SEC-registered structures, recognized benchmark pricing, and trusted custodianship-essential elements for institutions seeking compliant, scalable digital-asset allocations. 📜🔒 - What advantages does broader XRP ETF availability bring to the market?
The proliferation of XRP ETFs across major exchanges deepens liquidity, sharpens pricing signals, and reduces operational hurdles for large investors seeking diversified crypto exposure. 🌊📊 - Why is this ETF wave seen as bullish for XRP investors?
The synchronized launches from giants like Grayscale, Franklin, Bitwise, and 21shares signal confidence in XRP’s maturing market structure and growing appeal to traditional finance. 🚀💼
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2025-11-24 01:58