XRP is gaining attention due to the launch of a new ETF. This week, the Grayscale and Franklin Templeton XRP Spot ETF was launched in the US. This follows Canary and Bitwise XRP products, bringing the number of XRP ETFs in the US to five, including the REX Osprey ETF, with more launches expected in the coming days.
Notably, three XRP ETFs are scheduled to be launched in the coming days. The next ETFs scheduled to launch include 21Shares, CoinShares, and WisdomTree and will define the XRP ETF season.
Next up is 21Shares, CoinShares, WisdomTree, and XRPETF season.
Increased XRP exposure.. https://t.co/gMxgJSpclq pic.twitter.com/iJTfLTmr73
— RIZ.. 🇺🇸 🇵🇷 (@RizXRP) November 28, 2025
Celebrating the launch of the Bitwise ETF, Ripple CEO Brad Garlinghouse highlighted the “pre-Thanksgiving rush” for the XRP ETF.
The launch of the ETF could clearly change that narrative, moving XRP from a standard crypto asset to a product that can be accessed through multiple institutions.
In other news, CME Group recently announced that new spot indicative XRP futures will arrive on December 15th, pending regulatory review.
XRP reserves decrease
According to CryptoQuant, major cryptocurrency exchange Binance’s XRP reserves are decreasing. CryptoQuant observed that since October, the exchange’s XRP reserves have steadily declined, dropping to 2.7 billion XRP. This is one of the lowest levels ever recorded on a cryptocurrency exchange. Looking more closely, over 300 million XRP has been leaked from Binance since October 6th.
The decline in XRP supply could indicate growing real demand, with investors withdrawing XRP from Binance and storing it in private wallets.
Typically, when assets are withdrawn from an exchange in large numbers, it often indicates an intention to hold for the long term. Fewer tokens available on trading platforms and increased institutional demand creates a potentially strong setup.
At the time of writing, XRP had risen 2.45% to $2.22 in the past 24 hours, up 16.42%. After a three-day spike starting November 21st, XRP has been consolidating since November 24th, creating the possibility of a short-term bull market.
