- Grayscale and Franklin Templeton are targeting November 24, 2025, to launch their XRP ETFs, potentially debuting on the same day.
- Other managers like CoinShares, WisdomTree and 21Shares remain stuck in delays and have not removed key filing clauses.
- XRP ETF interest is rising fast, with existing products already pulling in over $410 million in inflows.
The XRP investment world is gearing up for what might become one of its biggest milestones yet, with November 24, 2025 shaping up to be a genuinely historic moment. Both Grayscale and Franklin Templeton are pushing to debut their XRP ETFs on the exact same day, something that doesn’t really happen often in the ETF arena. The filings, the timing, the sudden acceleration—it all feels like the industry is lining up for a major splash. And with the success of earlier XRP ETFs already proving demand is real, the excitement has been building fast… maybe a little messy, but that’s crypto for you.
Grayscale Aims For A November 24 Debut As Filings Speed Up
Grayscale has confirmed it wants to convert its long-running XRP Trust into a fully tradable ETF called GXRP. The plan is for trading to kick off on November 24, pending final approval. Bloomberg analyst James Seyffart highlighted the date, noting that GXRP could land on the market the same day as Franklin Templeton’s ETF. He also pointed out that this move follows Grayscale’s Dogecoin ETF approval, adding even more weight to November 24 as a milestone.
To make things move quicker, Grayscale filed its Form 8-A on November 3, which essentially accelerates the approval process. If all goes smoothly, investors could be buying GXRP shares as early as that Monday morning. It’s a tight turnaround, almost rushed-feeling, but definitely intentional. Grayscale seems eager to plant its flag first in what’s becoming a competitive XRP ETF lineup.
Franklin Templeton Pushes EZRP Toward The Same Launch Date
Franklin Templeton isn’t slowing down either. Its XRP ETF, EZRP, looks set to hit the market on the very same day after the company removed a key delay clause from its November 4 filing. That single change sparked a strong expectation that EZRP and GXRP might launch side by side. Seyffart emphasized that the dual launch is not guaranteed, but the odds look pretty high based on how quickly both firms are updating their paperwork.
The potential synchronized debut has investors watching closely. If both ETFs go live at once, the XRP market could see a fresh wave of attention—maybe even a surge of liquidity as traders try to position themselves early. With XRP already in the spotlight from previous ETF launches, another pair of major players stepping in could ramp up competition fast.
More Firms Wait As Regulatory Pressure Builds
While Grayscale and Franklin Templeton race ahead, other asset managers are still stuck in the waiting room. CoinShares, WisdomTree, and 21Shares all have pending XRP ETF applications, but none have removed their delay clauses. That’s basically a signal that approval is still far off. Even 21Shares, which filed an update on November 7, kept its delay language in place. Until those clauses disappear, the SEC is unlikely to green-light them.
Meanwhile, the first two spot XRP ETFs from Canary and Bitwise have already hit the market, pulling in a combined $410.76 million in inflows. That number shows just how hungry investors are for XRP-based products. As November 24 approaches, competition is about to heat up in a big way. If Grayscale and Franklin Templeton land their ETFs on the same day, the race for dominance in the XRP ETF ecosystem really begins.
