Spot XRP ETFs: What You Need to Know

The SEC approved the first wave of spot XRP ETFs in November 2025, marking a landmark regulatory milestone for Ripple and the broader XRP ecosystem. This approval followed the positive outcomes of Ripple's multi-year legal battle with the SEC over whether XRP constitutes a security.

Major asset managers offering spot XRP ETFs include Bitwise, Grayscale, 21Shares, Canary Capital, and Franklin Templeton. These products are listed on prominent exchanges including NYSE Arca, Nasdaq, and Cboe BZX, providing broad investor access.

Spot XRP ETFs hold actual XRP tokens as their underlying asset, unlike futures-based ETFs. This means the ETF price directly tracks the live XRP price, giving investors genuine exposure to XRP price movements without needing to manage cryptocurrency wallets or private keys.

The approval of spot XRP ETFs is expected to drive significant institutional inflows into XRP. Pension funds, endowments, and wealth managers that were previously restricted from directly holding cryptocurrencies can now gain XRP exposure through regulated ETF wrappers.

XRP ETF inflows represent a structural demand driver that could reduce selling pressure and support higher XRP prices over time. The ETF structure also increases XRP's visibility among traditional finance audiences who follow established investment products.