New XRP ETFs Drive Competition as Investor Interest Strengthens
Activity in the crypto ETF market advanced today as Grayscale and Franklin Templeton launched their XRP exchange-traded funds. The New York Stock Exchange approved both listings ahead of the debut, creating strong attention around the fresh additions to the XRP ETF category.
Grayscale's Expanding ETF Lineup
According to a post by Eric Balchunas on X, Grayscale’s XRP product, GXRP, had been scheduled to begin trading today after securing its listing approval. Additionally, Balchunas stated in the same update that Grayscale’s Dogecoin ETF, $GDOG, also received listing approval and is set to begin trading today. He added that $GLNK is expected to follow next week, which placed further focus on Grayscale’s growing ETF lineup.
Grayscale Dogecoin ETF $GDOG approved for listing on NYSE, scheduled to begin trading Monday. Their XRP spot is also launching on Monday. $GLNK coming soon as well, week after I think pic.twitter.com/c6nKUeDrtI
— Eric Balchunas (@EricBalchunas) November 21, 2025
Grayscale’s XRP ETF launches on the same day as Franklin Templeton’s competing product XRPZ. This created a notable moment for investors observing how both issuers aim to secure interest in the developing XRP ETF segment. Moreover, WisdomTree is awaiting its own launch, which will expand the range of options available to traders.
Rising Interest Drives Strong Activity Around XRP ETFs
Investor demand for XRP-related funds has grown rapidly. Canary Capital recently launched the first United States spot XRP ETF and secured more than $250 million in inflows on its first trading day. Consequently, major issuers have accelerated their plans to introduce similar products and compete for market share.
Besides Canary Capital, Bitwise, 21Shares, and CoinShares have brought their XRP ETFs to market this month. These launches followed the end of the government shutdown, which allowed the Securities and Exchange Commission to resume reviews of pending filings.
Grayscale also launched its Dogecoin ETF today. The company converted its existing DOGE trust into a spot product that tracks the asset’s price. Balchunas estimated the opening day volume of about $11 million, signaling expectations for active trading.
As today’s launches unfold, market watchers are closely observing how Grayscale and Franklin Templeton position their XRP ETFs during early trading. Their entries reflect rising confidence in crypto-linked investment products and expanding interest among investors.
The debut of Grayscale’s XRP ETF and Franklin Templeton’s competing product today marks a key moment for XRP-based funds. Their launches strengthen the growing field of crypto ETFs and highlight increasing activity across the sector.