XRP is now moving into one of its most decisive weeks in years, based on a perfect alignment of institutional developments, ETF expansion, and changing supply dynamics. The most important factor behind this trend is the concentration of Spot XRP exchange-traded funds now competing for liquidity in the United States. 

Ripple’s growing institutional footprint is also feeding expectations that this week could represent the beginning of a new bullish phase in XRP’s long-term market direction, especially as exchange reserves continue to decline.

A Landmark Week For Spot XRP ETFs

The arrival of 21Shares’ US Spot XRP ETF has modified the ETF niche, because for the first time five major issuers are trading XRP-backed funds simultaneously. Bitwise, Grayscale, Franklin Templeton, Canary Capital, and now 21Shares have consolidated into a new institutional layer for XRP, and the combined demand is starting to reshape how investors are looking at XRP.

According to data from SoSoValue, total inflows into these funds have already surpassed $824 million, and it’s not even yet a full month of trading. The most interesting thing is that since launch, not a single session has recorded net outflows.

The rise in ETF demand is unfolding at the same moment that the supply of liquid XRP on exchanges continues to thin. Analysts monitoring these flows describe this as one of the most structurally significant developments in years because several Spot XRP ETFs are competing directly for circulating supply while being legally unable to source tokens from Ripple’s escrow.

A price-path sensitivity simulation run by Mohamed Bangura, which was shared by crypto analyst Chad Steingraber, adds another layer to the discussion of how Spot XRP ETFs are a game-changer for the cryptocurrency. His model assumes a baseline ETF demand of 74.5 million XRP per day, an available exchange supply of 2.7 billion XRP, and a periodic escrow addition of 300 million XRP every thirty days. 

He built three scenarios using price elasticity values of 0.2, 0.5, and 1.0 over a 180-day window. All of these scenarios point to huge bullish price targets, with targets ranging from $6 to extreme spikes approaching $600, depending on elasticity.

Ripple’s New Regulatory Milestone Boosts XRP

Ripple has secured a major regulatory upgrade in Singapore, giving its local subsidiary approval to operate a fully licensed payments platform capable of handling fund collection, custody, token conversion, and payouts. This step strengthens Ripple’s global payments push and positions XRP for deeper integration into regulated financial channels.

At the same time, the XRP Ledger is showing a significant rise in on-chain activity. Recent data reveals a jump in AccountSet operations to levels not seen in years, along with a noticeable uptick in new wallets and overall transaction volume. 

The combination of Ripple’s growing regulatory footprint and the XRP Ledger’s latest activity suggests that real-world usage and ecosystem growth are rising just as institutional demand through spot ETFs increases.

Franklin Templeton has taken a significant step that is already drawing attention across the crypto market. The asset-management giant has filed with the US Securities and Exchange Commission to broaden its Franklin Crypto Index ETF, confirming that Dogecoin will officially be added beginning December 1. 

The expansion shifts Franklin Templeton’s product from a Bitcoin- and Ethereum-focused offering into a more diversified crypto basket that gives investors access to a broader range of digital assets through a single instrument. This comes just a few days after Franklin Templeton launched its Spot XRP fund.

Franklin Templeton Expands Into A Wider Multi-Asset ETF

The success of Bitcoin and Ethereum ETFs has encouraged major institutions to look beyond the top two cryptocurrencies and build products that cover a wider range of well-known digital assets. Franklin Templeton’s latest move follows that trend by reshaping its Franklin Crypto Index ETF into a more expansive portfolio that includes several leading altcoins, Dogecoin among them.

The revised structure takes effect on December 1 and shifts the ETF to a design that reflects the broader market rather than a two-asset concentration. Franklin Templeton acknowledged this change through an announcement on X, presenting an updated token lineup that now spans everything from large market-cap cryptocurrencies like Cardano, Solana, and XRP. 

Even within that group, Dogecoin stands out, stepping further away from its reputation as a meme-based cryptocurrency and moving into a more institutionally recognized role.

Dogecoin Steps Into New Phase Of Institutional Exposure

Dogecoin’s inclusion in Franklin Templeton’s expanded ETF comes at a moment when the token is already experiencing increased attention from traditional finance. The first batch of Spot Dogecoin ETFs has only recently entered the market, and this is a milestone that would have been unthinkable a few years ago. 

Grayscale was the first major issuer out of the gate with its GDOG product, followed shortly after by Bitwise, which launched its own Dogecoin ETF at the request of its community. 

Early trading activity for these funds has been modest compared to the spectacular debuts once seen with Bitcoin and Ethereum ETFs, but it is still too early to tell, as the market might still be determining how much institutional interest exists for a meme-origin asset wrapped in a regulated structure.

Several other issuers have filings in progress and are preparing for their own Dogecoin products to go live. Some are positioning themselves carefully to see how the first batch of ETFs performs. According to Bloomberg Senior ETF analyst Eric Balchunas, there are likely about 100 crypto-based ETFs waiting to be launched in the next six months.

The rush toward the XRP Exchange-Traded Fund (ETF) has intensified as new institutional funds move closer to launch. Early data and analysts’ commentary point to a rapidly expanding ETF landscape that could significantly tilt the market toward cryptocurrency. With multiple XRP ETFs now live and more still set to launch, the market narrative is shifting towards major inflows and accelerating demand.

Over 12 XRP ETFs Still Awaiting Launch

Popular crypto analyst JackTheRippler recently highlighted that more than a dozen XRP ETFs are still lined up for launch, reinforcing expectations that institutional interest in the cryptocurrency is still expanding rapidly. Currently, XRP is already dominating the ETF market, with its inflows surpassing those of Solana and Dogecoin. 

Among the investment products still awaiting launch is the 21Shares Core XRP Trust ETF, which is expected to go live this month if final regulatory approvals align. WisdomTree also has an XRP ETF pending as part of its plan to offer a range of digital asset funds. CoinShares is in a similar position, with its XRP ETF application still under review. 

While more issuers are looking forward to a confirmation, a few have already made their market debut. The Bitwise Spot XRP ETF went live on November 20 and quickly drew attention as demand for its spot product dramatically rose. Canary Capital’s XRP ETF launched earlier on November 13, setting a historic record of $58 million on the first day of trading. 

The market expanded further when Grayscale and Franklin Templeton rolled out their XRP ETFs on November 24. Moreover, REX Osprey’s product, which launched in September 2025, was the first-ever XRP ETF approved in the US. 

With over 12 XRP ETFs still unreleased, JackTheRippler predicts that the market could soon see massive adoption. He also expects the complete launch of all XRP ETFs and the potential surge in demand and inflows that could follow to be incredibly bullish for the cryptocurrency’s price. 

The Effect Of ETFs On XRP’s Supply

JackTheRippler has also revealed in a post on X that the combined XRP ETF inflows are already approaching $1 billion within the first month of activity. Current data from SoSoValue shows inflows have reached approximately $643.9 million in just 10 days, indicating that demand has surged as rapidly as many anticipated. Should inflows continue at their present momentum, XRP ETFs could reach the $1 billion milestone within weeks. 

As more ETFs rapidly accumulate XRP to back their products, the available circulating supply on exchanges is tightening. JackTheRippler believes that if this continues, it could trigger a supply shock for XRP. Typically, when a shock like this occurs, it puts upward pressure on prices as demand outpaces the number of tokens available for trading, potentially leading to a rally.