XRP News Today: XRP ETF Breaks New Ground Amid Uncertain Crypto Markets

The

ETF introduced by Canary Capital has exceeded forecasts, drawing in $250 million in new investments and recording $58 million in trading activity on its first day, . Listed under the symbol XRPC, the fund so far this year, highlighting a growing appetite for alternative cryptocurrencies. This achievement comes after a record-setting 43-day shutdown of the U.S. government, which had delayed regulatory processes, and as the market recovers from the pause.

The ETF's impressive performance is

, a framework approved by the SEC in July 2025. This setup lets investors swap XRP tokens directly for ETF shares, compared to standard models. Nate Geraci from the ETF Store the difference between the $250 million in inflows and the $58 million in trading volume. This method has also , who previously encountered regulatory barriers to holding crypto directly.

XRP's value

as excitement over the ETF grew, trading at $2.30 even after dropping 37% from its July peak of $3.65. According to Nansen, savvy traders following the ETF's launch. In contrast, the broader crypto sector declined, with falling 6.2% and dropping 9.5% over the last day . that XRP's recent moves represent a "healthy correction" rather than a bearish phase, suggesting room for further growth as market confidence returns.

The launch of the XRP ETF has also ramped up rivalry among fund managers.

to introduce their own XRP ETFs, with Bitwise's offering scheduled for release this Thursday. , is targeting a November 24 launch alongside Franklin Templeton. This coordinated introduction toward regulated crypto investment products, with XRP ETFs now overseeing assets exceeding $277 million.

Ripple, the company responsible for XRP, has

. In November, a $500 million funding round valued Ripple at $40 billion, and new collaborations with Mastercard and Gemini aim to incorporate XRP into stablecoin credit card payments. These initiatives in financial systems, even as regulators continue to scrutinize Ripple and pursue its former CEO, Brad Garlinghouse.

At the same time, the market

of a Dogecoin ETF next Monday, following a similar regulatory approval. a surge of altcoin ETFs in the near future, driven by clearer regulations and growing institutional interest. As XRP and ETFs gain popularity, they may reshape how cryptocurrencies fit into traditional investment portfolios, with Polymarket participants giving XRP a 44% probability of reaching $2.60 by year-end .