XRP ETFs Break Records with $164M Debut Inflows

The second wave of spot XRP ETFs has made an explosive market entry, with Franklin Templeton’s XRPZ ETF debuting on NYSE Arca and Grayscale converting its private XRP trust into the publicly traded GXRP ETF. Both funds shattered expectations with Franklin Templeton recording $62.6 million and Grayscale achieving $67.4 million in net inflows on their first day of trading. This performance broke the previous record set by Canary Capital’s XRPC ETF, which had debuted with $58 million in volume earlier in November after clearing regulatory hurdles.

Franklin Templeton highlighted XRP’s established utility in facilitating cross-currency settlement as a key factor in its appeal, describing the digital asset as a central component of the growing digital payments ecosystem. Grayscale followed the same strategic path it has employed with other cryptocurrency private trusts, converting its existing XRP fund into a publicly traded vehicle. The remarkable debut performance of both funds surpassed Canary Capital’s XRPC record as the biggest ETF debut of 2025, demonstrating accelerating institutional interest in XRP-based investment products.

Beyond the individual fund successes, the XRP ETF category collectively outperformed all other major cryptocurrency investment products on Monday. Canary Capital’s XRPC and Bitwise’s XRP ETF contributed $16.4 million each to the category’s total $164 million in net inflows for November 24. This collective performance significantly outpaced Ethereum-based ETFs, which recorded $96.6 million in inflows led by BlackRock’s ETHA, and Solana-based funds, which attracted $58 million in positive net flows.

According to Farside Invest data, Solana-based funds extended their 20-day positive streak with cumulative inflows reaching $568 million. However, spot XRP ETFs have now seen cumulative net inflows of $586.8 million over an eight-day positive streak, surpassing the total inflows of SOL ETFs. The most striking contrast came from Bitcoin ETFs, which registered the worst performance among leading cryptocurrency funds with $151 million in outflows, led by BlackRock’s IBIT, continuing their choppy November performance.

The record-breaking debut of these XRP ETFs signals a significant shift in institutional investment patterns within the cryptocurrency space. The strong performance comes despite XRP trading at $2.18 with a 1.6% decline in the daily timeframe, suggesting that investor interest is driven by fundamental utility rather than short-term price movements. The success of these products underscores growing confidence in XRP’s role in cross-border settlements and digital payment infrastructure.

The trajectory of these new XRP investment products mirrors the pattern seen with Canary Capital’s XRPC, which surprised market observers with $26 million in volume within the first 30 minutes of trading before closing its debut day with $57 million. That initial performance had already beaten all 900 other ETF launches of the year, setting a high bar that Grayscale and Franklin Templeton have now substantially exceeded. The consistent strong performance across multiple XRP ETF launches indicates sustained institutional demand that could reshape the cryptocurrency investment landscape in 2025 and beyond.