Spot XRP ETFs: Approved and Live in 2026

In November 2025, the U.S. Securities and Exchange Commission (SEC) approved the first wave of spot XRP ETFs, marking a historic milestone for Ripple and XRP investors. This regulatory approval followed successful spot Bitcoin and Ethereum ETF launches earlier in 2024 and 2025.

Which Issuers Offer XRP ETFs?

Major asset management firms that currently offer spot XRP ETF products include Bitwise (NYSE Arca), Grayscale (NYSE Arca), 21Shares (Cboe BZX), Canary Capital (Nasdaq), and Franklin Templeton (Nasdaq).

Impact of XRP ETFs on Price

The approval and launch of spot XRP ETFs was a significant catalyst for the 2024-2025 XRP price rally, which saw XRP reach all-time highs above $3.60. By providing institutional investors with regulated, custodied exposure to XRP without the need to directly hold the cryptocurrency, ETFs opened the door to significantly larger capital inflows.

Ripple Valuation and Share Buyback

In early 2026, Ripple launched a $750 million share buyback program, pushing the company's valuation to approximately $50 billion — a 25% increase from its $40 billion November 2025 valuation. Additionally, SBI Holdings acquired approximately $1 billion worth of XRP, signaling continued institutional confidence in the XRP ecosystem.