According to CoinMarketCap, Grayscale’s new spot XRP ETF recorded $67.4 million of net inflows on its first trading day Monday (Nov 24, 2025). According to CoinMarketCap, Franklin Templeton’s spot XRP ETF posted $62.6 million in day-one inflows. According to CoinMarketCap, all spot XRP ETFs combined attracted $164 million, implying $34.0 million for other issuers and day-one market shares of roughly 41.1% (Grayscale), 38.2% (Franklin Templeton), and 20.7% (others) based on the same data.

According to the source, a claim circulated that Nasdaq issued an official listing notice for a spot XRP ETF on Nov 12, 2025. source: social media post Before any spot XRP ETF can trade, the SEC must approve a 19b-4 exchange rule change for the listing venue and declare the fund’s registration statement effective. source: U.S. SEC Exchange Act Section 19b and SEC registration guidance Traders should independently confirm by checking SEC EDGAR for an approved 19b-4 order and an effective S-1 or 485BPOS, and by verifying a Nasdaq Trader official listing notice that specifies ticker, CUSIP and effective date. source: SEC EDGAR and Nasdaq Trader listing notices If confirmation appears on SEC EDGAR and Nasdaq Trader, expect ETF primary market flows to influence XRP liquidity via creation and redemption arbitrage, which can widen or tighten the spot derivatives basis around U.S. market open. source: SEC Investor Bulletin on ETFs and standard ETF arbitrage mechanics