Ah, the thrill of financial innovation! Grayscale Investments has graced us all with the launch of its XRP Trust ETF on the NYSE Arca, effective November 24. Because, who doesn’t want a piece of the crypto pie, especially when you can do it through a brokerage account like any other civilized person? Of course, to make it even more irresistible, they’re offering this marvel with a 0% management fee for now. Yes, zero. Because why not?
XRP, the cryptocurrency that’s casually sitting in the third spot of market value, right behind Bitcoin 🪙 and Ethereum, has just been made even more accessible. It’s practically screaming, “Come and get me!” (or at least, it would if cryptocurrencies had voices). The current price? A mere XRP $2.20. Quite a bargain for something that has a 24h volatility: 7.4% – because, who doesn’t love a little chaos in their portfolio?
As for its market cap, a cool $132.80 B, and don’t forget the 24h volume of $5.76 B. Just don’t ask how much it’s going to be worth in three months-crypto markets are as stable as a house of cards on a windy day.
Meanwhile, XRP is still trailing behind Bitcoin ($88,328, with a 24h volatility: 1.7%) and Ethereum ($2,943, 24h volatility: 5.2%). But hey, third place isn’t too shabby. Right?
And now, ladies and gentlemen, let’s talk numbers. The new ETF, ticker GXRP, is being extra generous with a 0.35% fee for the first three months or until assets hit $1 billion-whichever comes first. A nice little ‘get in while it’s hot’ deal, wouldn’t you say?
As of Nov. 21, this fund held about 6 million XRP tokens, valued at $11.67 million. All securely held by Coinbase Custody Trust Company, because security is a thing, after all. We wouldn’t want those little digital assets going on a vacation without us!
Introducing Grayscale XRP Trust ETF (Ticker: $GXRP), now trading with 0% fees¹ from Grayscale, the world’s largest crypto-focused asset manager². Gain exposure to $XRP, the world’s 3rd largest digital asset³, driving innovation in global payments. Available in your brokerage…
– Grayscale (@Grayscale) November 24, 2025
Competitive Landscape
But wait-there’s more! Grayscale isn’t alone in this game. Oh no, darling, there are three other XRP funds making waves in the United States. Canary Capital launched the first on Nov. 13 under the ticker XRPC, followed by Bitwise’s spot XRP ETF on Nov. 20. And just for added spice, Franklin Templeton launched its own XRP fund under the ticker XRPZ the same day as Grayscale.
Of course, you’ll want to compare fees-because that’s what we all do with love and passion when considering ETFs. Franklin Templeton’s product is positively charitable at 0.19%, with a full waiver on the first $5 billion in assets until May 31, 2026. How generous of them. Bitwise charges a teensy 0.34%, with a first-month waiver on the first $500 million. And Canary Capital’s XRPC? A lovely 0.50%-with no announced waiver, because why not charge a little extra for fun?
Grayscale, for its part, manages about $35 billion across 40 investment products. So, don’t say they’re not a serious player. The company also filed for a public listing on the NYSE under the “GRAY” ticker on Nov. 13. Watch out, Wall Street!
Meanwhile, the US spot Bitcoin ETFs are attracting millions of dollars like moths to a flame. XRP ETFs, however, have already pulled in $423 million in cumulative net inflows, with $384 million in net assets as of Nov. 21. It’s practically a feeding frenzy! And guess what? Bitwise’s XRP ETF led the charge with a nice, tidy $11 million in daily inflows on Nov. 21. 🏆
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2025-11-24 21:37