Grayscale Investments has launched the Grayscale XRP Trust ETF (GXRP) on NYSE Arca.
In a press release the firm said the GXRP is structured as an exchange-traded product rather than a 1940-Act ETF, meaning it does not fall under the regulatory requirements or protections offered to registered ETFs and mutual funds.
As a result, the product carries substantial risk, including the potential loss of principal. While GXRP holds XRP, it does not provide investors with direct ownership of the token itself.
Krista Lynch, Senior Vice President of ETF Capital Markets at Grayscale, describes the launch as a milestone for investors seeking simplified access to XRP.
She notes that GXRP aims to provide efficient tracking and straightforward exposure to the asset while expanding investor reach to the wider XRP ecosystem. GXRP initially launched as a private placement in September 2024, and its graduation to public markets reflects increased institutional interest in mature blockchain networks.
XRP Ledger Reaches Major Milestone
The debut of GXRP comes as the XRP Ledger (XRPL) surpasses 4 billion processed transactions, a testament to the network’s durability and long-term operational reliability.
Since its launch in 2012, XRPL has positioned itself as a specialized blockchain designed for cross-border payments and high-throughput financial activity. Although not built for general-purpose smart contract execution, XRPL incorporates several powerful native features, including token issuance capabilities, a built-in decentralized exchange, and support for non-fungible tokens.
The Role of XRP in the Network
XRP serves as the native digital asset of the XRP Ledger and plays an essential role in maintaining the network’s security and utility. It is required for all transaction fees on the ledger, ensuring spam resistance and predictable execution costs.
XRP acts as a highly liquid bridge asset, enabling seamless movement between fiat currencies and facilitating instant settlement for financial institutions and fintech platforms building on XRPL. Its function in real-time liquidity provisioning supports the ledger’s vision of powering scalable global payments.
Amplify Launches XRP-Based Option Income ETF
Last week, Amplify ETFs has introduced the first XRP-based option income exchange-traded fund, the Amplify XRP 3% Monthly Premium Income ETF (XRPM).
The new fund expands Amplify’s YieldSmart family—an options-focused ETF lineup designed to balance income generation with capital appreciation. XRPM offers exposure to XRP’s price dynamics while pursuing high, recurring income through an actively managed covered call strategy.
Spot Crypto ETF Launches This Week
This week marks one of the busiest periods yet for spot crypto ETF activity, with multiple products slated to debut across major U.S. exchanges.
According to the latest filings highlighted by Bloomberg Intelligence, at least five spot ETFs are launching in the next six days, spanning assets such as XRP, Solana, and Dogecoin.
Standout entrants include the Grayscale Dogecoin Trust conversion (GDOG) and the Grayscale XRP Trust conversion (GXRP), both scheduled to go live on November 24, alongside Bitwise’s DOGE ETF (BWOW) and Franklin’s XRP product (XRPZ), set to follow shortly after.
These launches are part of a broader uptick in crypto ETF approvals as issuers push to bring mainstream on-ramps to a wider range of digital assets.
Beyond this week’s launches, filings show a strong pipeline extending into early December. Grayscale’s Chainlink Trust (GLNK) is expected to hit the market on December 2, while additional Solana and XRP-related products from Bitwise and Canary continue advancing through the approval process.
Analysts now expect more than 100 crypto ETFs to roll out over the next six months, reflecting accelerating institutional appetite and a regulatory environment increasingly open to diversified digital-asset exposure.
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