XRP ETFs: The Thanksgiving Rush Begins!

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A momentous day for XRP in the United States, where the pure-play 33 Act XRP ETF makes its grand debut. 🦃💸 In a recent tweet, asset manager Bitwise informed the crypto community that the Bitwise XRP ETF with ticker $XRP began trading on the NYSE this morning. With the launch, investors are afforded another new way to get spot exposure to XRP-though one might wonder if they’re buying a token or a ticket to the financial circus. 🎪

The Bitwise XRP ETF launch comes exactly a week following Canary Capital’s XRP ETF XRPC, which saw its debut on Nov. 13. A mere blink in the annals of market history, yet enough to spark a frenzy among those who thrive on the thrill of the chase. 🏃‍♂️💨

In a tweet, Ripple CEO Brad Garlinghouse reacted to the milestone. Congratulating Bitwise on the ETF launch, the Ripple CEO added: “The pre-thanksgiving rush (shall we say turkey trot) for XRP ETFs starts now.” 🦃🕺 A man of poetic flair, no doubt. One can almost hear the sound of wallets clinking in the background. 💰

The pre-thanksgiving rush (shall we say, ‘turkey trot’!?) for XRP ETFs starts now.. congrats @BitwiseInvest on today’s launch!

– Brad Garlinghouse (@bgarlinghouse) November 20, 2025

A couple of XRP ETFs are anticipated in the coming days. Bloomberg Intelligence analyst James Seyffart predicts that next week might be eventful as the Grayscale and Franklin Templeton U.S. ETFs are expected to go live on Nov. 24. One can only imagine the drama that will unfold when these titans of finance take the stage. 🎭

Seyffart wrote in a tweet: “Our base case is that Grayscale’s XRP ETF will go live on Monday the 24th. So will the Grayscale Dogecoin ETF. And I think the Franklin Templeton’s XRP ETF could go live on Monday the 24th as well.” He added, “Lots happening next week.” A veritable feast of financial spectacle, it seems. 🍽️

XRP breaking barriers

Canary Capital’s XRPC, the first U.S. XRP spot exchange-traded fund (ETF), marked an impressive debut last Thursday with $58.5 million in trading volume, which is the highest for any ETF launched this year across more than 900 fund launches, according to Bloomberg’s ETF analyst Eric Balchunas. A triumph, one might say-though the real question is whether this is a tale of success or a farce. 🎭

The volume edged out Bitwise’s Solana ETF (BSOL), which recorded $57 million on its first day, suggesting institutional interest in the XRP token. Or perhaps it’s just the sound of a thousand wallets sighing in relief. 💸

The market is closely watching the performance of the new Bitwise XRP ETF in light of this. XRP remains in the spotlight, attracting increasing social interest. A star in the making-or a fleeting fad, depending on whom you ask. 🌟

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2025-11-20 20:34