Grayscale, one of the biggest asset managers with over $35 billion under management, has hinted that its long-awaited XRP ETF could finally go live on November 24.
And it may not be alone. Senior ETF analyst James Seyffart also says Franklin Templeton might launch its own XRP ETF on the very same day.
Grayscale XRP ETF To Launch on Nov 24
According to SEC filings, Grayscale updated its S-1 with the SEC on November 3, which triggered a 20-day countdown. Once that countdown ends, the filing becomes active automatically if the SEC does not respond.
This puts the expected launch date on November 24, bringing Grayscale closer to listing the XRP ETF on NYSE Arca under the ticker GXRP.
Our base case is that @Grayscale‘s XRP ETF will go live on Monday the 24th. So will the Grayscale Dogecoin ETF.
And I think the @FTI_US XRP ETF could go live on Monday the 24th as well. Lots happening next week. https://t.co/TkA6EE0D6T
Following this launch, Grayscale will join Bitwise and Canary Capital in offering simple and regulated ways for people to invest in XRP. This gives everyday investors a safer and easier way to get exposure to XRP without handling exchanges or private wallets.
Franklin Templeton Could Step In on the Same Day
While Grayscale is taking the lead, Franklin Templeton is not far behind. The company recently filed Form 8-A with the SEC, which prepares its “Franklin XRP ETF” for listing on NYSE Arca. This kind of filing usually signals that a launch is close.
ETF analyst James Seyffart believes Franklin Templeton might also go live on November 24, turning the day into one of the biggest ETF launch events in XRP’s history.
If that happens, XRP could see two major Wall Street firms enter the market on the very same day.
Dogecoin ETF Could Be Bonus
Meanwhile, Seyffart added another interesting note, Grayscale’s Dogecoin ETF may also be ready for a surprise launch. Although the SEC has not confirmed a schedule, Grayscale has been steadily converting its crypto products into ETFs, which strengthens this possibility.
If all of these products go live together, November 24 could mark one of the biggest ETF launch days in XRP history.
As of now, the XRP price is trading around $2.12, reflecting a slight decline, with a market cap of approximately $128 billion.
FAQs
When will the Grayscale XRP ETF launch?
The Grayscale XRP ETF is expected to launch on November 24 if the SEC doesn’t respond to its updated filing.
Will Franklin Templeton launch an XRP ETF on the same day?
Yes, very likely. Franklin Templeton filed its 8-A form, and senior Bloomberg analyst James Seyffart expects their XRP ETF to launch alongside Grayscale’s on November 24, 2025.
What is the ticker symbol for the Grayscale XRP ETF?
The Grayscale XRP ETF will trade under the ticker GXRP on the NYSE Arca exchange starting November 24, 2025.
How might these ETF launches affect XRP?
Multiple ETF launches could boost market interest by making XRP easier and safer for everyday investors to access.
