Grayscale XRP ETF Officially Begins Trading on NYSE

The Grayscale XRP ETF has now begun trading on NYSE Arca, giving investors a new way to gain exposure to XRP through a regulated market product. 

Grayscale, which manages $35 billion in assets, announced the launch today through a press release and called the debut a meaningful step in widening access to the XRP ecosystem.

The Grayscale XRP ETF Begins Trading

Grayscale explained that the product trades under the ticker GXRP and functions as an exchange-traded product rather than a fund governed by the Investment Company Act of 1940. As a result, the Grayscale XRP ETF does not follow the same rules that guide traditional ETFs and mutual funds. 

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… pic.twitter.com/rAzGrm0M6P

— Grayscale (@Grayscale) November 24, 2025

Krista Lynch, who leads ETF Capital Markets at Grayscale, said the Grayscale XRP ETF seems to give investors simple and efficient access to XRP. She also highlighted that the launch reflects the company’s larger effort to open up digital assets to a wider audience.

In its press release, Grayscale spotlighted the background and strengths of the XRP Ledger. The company pointed out that the network launched in 2012 and has already processed more than 4 billion transactions. 

According to Grayscale, developers built the XRP Ledger to support fast cross-border payments and modern financial services. The company added that XRP serves as the network’s native asset and powers transaction fees, liquidity functions, and currency bridging. 

Growing List of XRP ETFs

Notably, the Grayscale XRP ETF first appeared as a private placement in September 2024, but its public listing arrived at a time of rapid growth for XRP-related market products. The launch makes GXRP the third spot XRP ETF introduced since mid-November.

Specifically, Canary Capital released the first of these products, XRPC, on Nov. 13. Impressively, the product brought in $243 million on its first day and has reached $306 million in inflows after seven trading sessions. 

Bitwise entered the market a week later, launching its own ETF, named XRP, on November 20. The ETF attracted $105.36 million on the first day and another $11.28 million the next day. Combined, both products have now pulled in $422.66 million as of press time, which shows how much demand the market currently holds for XRP exposure.

Now, analysts expect the Grayscale XRP ETF to lift these inflow numbers even further because of Grayscale’s reach and long-standing presence in the digital-asset market. Franklin Templeton also plans to join the competition soon with its own ETF, XRPZ, which will list on the NYSE. The Canary Capital CEO expects these products to rake in $5 to $10 billion in their first month.