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Grayscale and Franklin XRP ETFs each clock over $60 million in day-one inflows as group outshines BTC, ETH, and SOL funds

Grayscale and Franklin XRP ETFs each clock over $60 million in day-one inflows as group outshines BTC, ETH, and SOL funds

The BlockThe Block2025/11/24 16:00
By:By James Hunt

Quick Take Grayscale and Franklin Templeton’s new U.S. spot XRP ETFs attracted $67.4 million and $62.6 million in respective inflows on their Monday debut. The combined spot XRP ETFs registered $164.1 million worth of net inflows for the day, outperforming their BTC, ETH, and SOL counterparts.

Grayscale and Franklin XRP ETFs each clock over $60 million in day-one inflows as group outshines BTC, ETH, and SOL funds image 0

Grayscale and Franklin Templeton's new U.S. spot XRP exchange-traded funds both witnessed over $60 million in net inflows on their first day of trading via NYSE Arca on Monday, outshining other crypto ETFs.

Grayscale's GXRP , which converted into an ETF from a closed-end trust, saw $67.4 million in net inflows, while $1.5 trillion asset management giant Franklin Templeton's new XRPZ ETF attracted $62.6 million, according to SoSoValue data .

Combined with the $16.4 million and $17.7 million brought in by Canary Capital's XRPC and Bitwise's XRP funds, the category saw a total of $164.1 million worth of net inflows for the day.

Since launching on Nov. 13, the pure spot XRP ETFs have registered cumulative net inflows of $586.8 million and have yet to witness any daily outflows.

Franklin Templeton Head of ETF Product and Capital Markets, David Mann, described XRP as a digital asset that "plays a foundational role in global settlement infrastructure." Notably, however, BlackRock has sat out on XRP and other new crypto ETFs, seemingly preferring to focus on its dominant Bitcoin and Ethereum funds, at least for now.

XRP gained around 8.6% on Monday amid a broad rebound across the crypto market and is currently trading for $2.20, according to The Block's XRP price page .

XRP ETFs outshine BTC, ETH, and SOL flows

In comparison, the U.S. spot Bitcoin ETFs slumped back to net outflows of $151.1 million on Monday, spot Ethereum ETFs attracted net inflows of $96.6 million, and spot Solana ETFs brought in $58 million — extending their positive streak since debut to 20 days , totaling $568.3 million.

Grayscale also launched the first pure spot DOGE ETF in the U.S. on Monday, though it witnessed zero flows for day one, per SoSoValue.

"Some (many) might laugh, but I actually view this as a highly symbolic launch," NovaDius President Nate Geraci said on X, referencing the DOGE ETF launch. "IMO, best example of *monumental* crypto regulatory shift over the past year. Btw, GDOG might already be a top 10 ticker symbol for me."


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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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