XRP ETF approved: institutional get on board channel officially opened

The crypto market is making big moves again. The official approval letter from NYSE Arca shared by Amonyx shows that both Franklin Templeton and Grayscale's Spot XRP ETFs have been approved, with listings expected to be completed on November 24-25. This is not just a formality of approval—this is a signal that U.S. institutional investors have officially received their XRP investment pass.

Why This Wave is Critical

The XRP ETF market has heated up. Canary Capital's XRPC will start trading on November 13, Bitwise's XRP ETF will be launched on November 20, and Amplify's XRPM (3% monthly return) is also in the works. Now that Fidelity and Grayscale's products are in place, it means that U.S. stock investors have multiple standardized entry options - without needing to hold coins themselves, without worrying about exchange risks, and directly gaining exposure to XRP through ETFs.

This transformation seems ordinary, but it has a real impact on market depth. Every dollar flowing into the ETF corresponds to a demand for XRP Spot (the ETF needs to actually hold the underlying asset). With the supply side relatively fixed, continuous influx of institutional funds will gradually tighten liquidity.

Market Expectations and Future Highlights

Fidelity and Grayscale's entry timing is very tight - both in mid to late November. This is consistent with the logic after the approval of Bitcoin and Ethereum ETFs last year: once the first batch is approved, other players quickly follow suit, forming the “ETF track”. Whether XRP can replicate the upward momentum of previous years will depend on whether the actual capital inflow and market sentiment are in sync.

Regulatory confirmation is also worth noting. NYSE Arca's attitude towards the U.S. crypto ETF market has shifted from tentative to routine approval, which means that the difficulty of launching more asset ETF products in the future will decrease — this signals positivity for the entire Web3 ecosystem.