XRP ETFs Witness Major Investor Surge on Debut

Grayscale’s GXRP and Franklin Templeton’s XRPZ spot XRP ETFs debuted on NYSE Arca last Monday, attracting a significant amount of investment on their first day: over $60 million in total. These initial inflows mark a new milestone for the cryptocurrency ETF market, surpassing other categories such as Bitcoin, Ethereum, and Solana ETFs. Analysts attribute this surge to a combination of factors, including increasing DeFi applications and growing institutional interest.