The XRP ETF story keeps growing, and this week brought one of the clearest updates yet. Bloomberg analyst James Seyffart, one of the most trusted voices on ETF filings shared fresh expectations for when the next batch of XRP ETFs could officially start trading in the U.S.
With a mix of amended filings, countdown rules, and institutional demand already building, traders now have a much clearer picture of what might happen next.
What you'll learn 👉
Two XRP ETFs Could Launch as Early as November 24
According to Seyffart, both Grayscale and Franklin Templeton may be just days away from launching their XRP products.
He explained that Grayscale’s conversion of its XRP Trust into the GXRP ETF could go live on Monday, November 24, 2025, thanks to the Form 8-A fast-track route the company filed on November 3.
Bloomberg Expert Provides Updated Launch Timeline for Remaining $XRP ETFs.🧵🧵🧵 pic.twitter.com/4pYtxd0DT4
— TheCryptoBasic (@thecryptobasic) November 21, 2025
Franklin Templeton is in a similar position after updating its S-1 on November 4 and removing the delay clause, which opens the door for its EZRP ETF to potentially launch the same day.
Seyffart isn’t calling the Franklin listing a guarantee, but he does see both issuers lining up for a November 24 debut, which would mark a major moment for the XRP market.
Several Other Issuers Are Still Waiting on the SEC
Beyond Grayscale and Franklin Templeton, other asset managers like 21Shares, CoinShares, and WisdomTree also have XRP ETF filings in motion.
But unlike the first two, these firms have yet to remove the delay language from their S-1 filings. Without that change, their applications can’t begin the mandatory 20-day countdown needed before an ETF can go live.
In other words, these additional XRP ETFs won’t launch until the SEC steps in with direct approval. So while more products are coming eventually, the next wave most likely belongs to Grayscale and Franklin Templeton.
Institutional Demand for XRP Is Already Showing Up
Even before new ETFs launch, inflows into existing XRP funds are rising quickly. The two spot ETFs already trading in the U.S. have now attracted a combined $410.76 million in net inflows.
Canary’s XRPC makes up the bulk with $305.40 million, while Bitwise’s newly launched product added $105.36 million in its first full day of trading.
It’s a strong signal that institutions have been waiting for regulated exposure to XRP and they’re taking it as soon as it’s available.
Read Also: Retail Is Dumping XRP But Institutions See Something Very Different
A Big Week Could Be Ahead for XRP
If both Grayscale and Franklin Templeton ETFs really go live on November 24, it could be one of the most important weeks for XRP in years.
Two major issuers launching on the same day would instantly expand XRP’s footprint in the ETF market and could spark fresh momentum heading into 2026.
For now, all eyes are on that date. Seyffart’s updated timeline indicates XRP may be entering the next phase of its institutional adoption, and the market is already positioning for it.
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