Grayscale is increasing its lineup once more. This time, the corporate is rolling out the Grayscale XRP Belief ETF, also called GXRP. The product will start buying and selling on NYSE Arca on November 24. This provides buyers a regulated strategy to achieve publicity to XRP with out holding the asset immediately. The launch follows rising demand for altcoin-based ETFs as institutional buyers look past Bitcoin and Ethereum.
Grayscale XRP Belief ETF (Ticker: $GXRP) presents buyers direct publicity to $XRP. $GXRP begins buying and selling on @NYSE Arca tomorrow. pic.twitter.com/zee3aMbsAx
— Grayscale (@Grayscale) November 24, 2025
GXRP presents passive publicity. It tracks the worth of XRP held contained in the belief, minus bills and liabilities. Grayscale confirmed that GXRP will not be registered beneath the Funding Firm Act of 1940. Due to that, it carries increased dangers and fewer protections than conventional ETFs. The corporate emphasised that the product is appropriate just for buyers who can deal with volatility and the opportunity of full loss.
Inside GXRP: Construction, Dangers, and Early Particulars
GXRP makes use of a easy method. It holds XRP immediately and its goal is to reflect XRP’s market efficiency. Grayscale lists Coinbase Custody because the asset custodian. Whereas BNY handles fund administration. As of November 21, the belief held greater than 6 million XRP tokens. Every share represented simply over 19 XRP.
The present expense ratio is 0%, however just for the primary three months or till the fund reaches $1 billion in property. After that, the charge will increase to 0.35%. Administration famous that brokerage charges and different buying and selling prices should apply. GXRP is not going to distribute dividends and it has no income-generating technique. It’s a pure publicity automobile.
Even so, Grayscale believes the product meets rising demand. XRP has existed since 2012 and has expanded its use instances over time. The corporate highlighted that many buyers favor to keep away from the issues of self custody, wallets and personal keys. Now, they will purchase and promote XRP publicity by way of a conventional brokerage account.
NYSE Arca Clears A number of Altcoin ETFs
GXRP’s launch comes solely days after NYSE Arca accepted listings for 3 spot ETFs tied to XRP and Dogecoin. The trade cleared merchandise from Franklin Templeton and Grayscale after the SEC licensed the filings on November 21. The transfer marks one other step in bringing altcoin publicity into regulated U.S. markets. These listings mirror the trail taken earlier by Bitcoin and Ethereum ETFs. They offer pensions, advisors and institution-focused platforms a compliant strategy to diversify into different digital property. Grayscale has been changing its non-public trusts into public merchandise and GXRP continues that technique.
XRP Inflows Rise as Market Rotates
GXRP is arriving at a second when capital flows are shifting. Latest knowledge confirmed heavy outflows from Bitcoin and Ethereum merchandise final week. Bitcoin noticed $1.22 billion depart and Ethereum recorded $500 million in outflows. But XRP moved in the wrong way. XRP attracted $179.6 million in inflows. Solana additionally gained $128.2 million. Analysts say this alerts a rotation quite than a retreat. Buyers look like repositioning into altcoins with recent catalysts and GXRP’s launch could strengthen that development.
