Grayscale Readies XRP Spot ETF as Australia’s Canary ETF Sees Fresh Inflows
Grayscale is reportedly preparing to roll out an XRP spot ETF, a move that would mark a significant institutional push into the token’s tradable-product landscape. The announcement comes as Australia’s Canary XRP ETF has seen fresh inflows and heightened trading volume, suggesting growing investor appetite for ETF-wrapped exposure to XRP. The developments were reported on Nov. 19, 2025 and reflect renewed momentum around XRP-linked products.
The combination of a major manager pursuing a spot ETF and active retail/institutional flows into Canary’s product could boost liquidity and price discovery for XRP. It also raises the stakes for regulators and market participants monitoring ETF approvals and cross-border product performance. Investors will be watching flow data, regulatory filings, and market reaction closely to gauge whether ETF demand can sustain longer-term institutional interest in XRP.