Grayscale Investments has officially launched its XRP Trust ETF on NYSE Arca as of November 24, 2025, allowing investors to gain exposure to XRP through standard brokerage accounts. This new fund, which trades under the ticker GXRP, is notable for its promotional 0% management fee, aimed at attracting a broader range of investors.
The promotional fee will remain in effect for three months or until the fund”s assets reach $1 billion, whichever occurs first. As of November 21, the trust held around 6 million XRP tokens, valued at approximately $11.67 million. The assets are securely stored by Coinbase Custody Trust Company, ensuring investor confidence in the safety of their holdings.
Krista Lynch, Senior Vice President of ETF Capital Markets at Grayscale, emphasized that the launch is a significant step toward enhancing access to the XRP ecosystem. With XRP currently sitting as the third-largest cryptocurrency by market capitalization, behind Bitcoin (BTC) and Ethereum (ETH), the entry of the GXRP ETF could stimulate greater market participation.
In the competitive landscape of XRP investment funds in the United States, Grayscale”s offering joins three others. Canary Capital introduced the first XRP fund on November 13 under the ticker XRPC, while Bitwise and Franklin Templeton launched their own products on November 20. Among these, Franklin Templeton”s fund has the lowest fee at 0.19%, with a complete waiver on the first $5 billion in assets until May 31, 2026.
As the market evolves, Grayscale continues to manage a substantial portfolio, with around $35 billion in assets across more than 40 investment products. The launch of the GXRP ETF aligns with the growing appetite for cryptocurrency ETFs, as evidenced by recent inflows into spot Bitcoin and Ethereum ETFs.
On November 21, spot Bitcoin ETFs recorded $238.4 million in net inflows, while Ethereum ETFs attracted $55.7 million. In contrast, XRP ETFs saw cumulative net inflows of approximately $423 million, with net assets totaling $384 million as of the same date. Notably, Bitwise”s XRP ETF led the daily inflows with $11 million.
As the cryptocurrency landscape continues to shift, the introduction of the XRP Trust ETF by Grayscale could significantly impact investor strategies and the overall market dynamics for XRP and its competitors.
