James Seyffart, a top ETF analyst at Bloomberg, has shared an updated timeline for the potential launch of additional spot XRP exchange-traded funds.
The recent debuts of the Canary XRP ETF (XRPC) and the Bitwise XRP ETF (XRP) have heightened anticipation for other spot-based ETFs linked to the token.
Launch Date of Grayscale and Franklin’s XRP ETFs
Amid this anticipation, Seyffart offered insight into when Grayscale’s converted XRP Trust ETF (GXRP) and Franklin Templeton’s XRP ETF might begin trading in the United States.
In a recent X post, Seyffart stated that his base expectation is for Grayscale’s XRP ETF to go live on Monday, November 24, 2025. He also noted that Franklin Templeton’s XRP ETF (EZRP) could launch on the same day, though he framed this as a possibility rather than a certainty.
Seyffart’s comments came in response to a post from Grayscale teasing the imminent launch of its XRP ETF. Grayscale originally announced plans to convert its XRP Trust to an ETF in January and later updated its application on November 3 to accelerate the product’s launch via the Form 8-A route.
Given the 20-day countdown rule, GXRP could commence trading as early as Monday, November 24. Seyffart pointed out that the crypto asset manager’s Dogecoin ETF could also debut on the same day.
Like Grayscale, Franklin also amended its XRP ETF’s S-1 application on November 4, removing the delay clause and potentially paving the way for a November 24 launch. With two XRP ETFs set to launch on November 24, Seyffart said next week could be an eventful one for the token.
Grayscale XRP Trust ETF (ticker: $GXRP) is coming. pic.twitter.com/SGIWuRwCMC
— Grayscale (@Grayscale) November 19, 2025
Other Spot XRP ETFs with No Launch Timeline
Meanwhile, other asset managers, including 21Shares, CoinShares, and WisdomTree, also have pending XRP ETFs awaiting regulatory approval.
However, CoinShares and WisdomTree have yet to remove the delay language from their S-1 filings. As for 21Shares, even after updating its application on November 7, it still retained the delay clause.
Consequently, these XRP ETFs are unlikely to launch until they receive direct approval from the U.S. Securities and Exchange Commission.
Meanwhile, with two spot XRP ETFs currently trading in the U.S., total net inflows have reached $410.76 million. Canary’s XRPC accounts for $305.40 million of this amount, while Bitwise’s XRP ETF, which went live yesterday, contributed the remaining $105.36 million.
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