The XRP Ledger processed over 1.05 million payments between unique wallets on Saturday, a 200,000 increase from Wednesday, data show. The 15% overnight surge in network activity contrasted with XRP's 6.7% decline to $2.04 over 24 hours. Trading volumes nearly doubled to $4 billion, indicating heightened selling pressure despite rising on-chain usage.

Grayscale listed the first U.S. spot Dogecoin exchange-traded fund on the New York Stock Exchange under ticker $GDOG on November 24, 2025. DOGE rose 2.2% following the launch, with 24-hour trading volumes reaching $1.5 billion. Bitwise plans to introduce its own Dogecoin ETF this week.

The Grayscale XRP Trust ETF (GXRP) launched on November 24, 2025, becoming the second XRP exchange-traded fund following Bitwise's debut the previous week. Franklin Templeton may introduce its XRP ETF this week. XRP traded at $2.05 after establishing support at $1.90 over the weekend.

Bitwise launched its XRP exchange-traded fund on the New York Stock Exchange on November 20, 2025, attracting $100 million in assets within hours of trading. XRP fell 10% to $1.80 amid broader market selling pressure. Trading volume surged 48% to nearly $9 billion in the past 24 hours.

Canary Capital launched the first spot exchange-traded fund backed entirely by XRP on November 13, 2025. The U.S. Securities and Exchange Commission approved the fund, which trades under the ticker symbol XRPC on Nasdaq. XRP established support at $2.10 following recent Federal Reserve commentary that influenced broader cryptocurrency markets.

Several spot XRP exchange-traded funds have been listed on the DTCC platform ahead of their anticipated market debut. The products come from Canary Capital, Bitwise, CoinShares, and Franklin Templeton. ETF analyst Nate Geraci expects the funds could begin trading within two weeks, following the conclusion of SEC litigation against Ripple approximately three months ago.

XRP rose 10% over the past 24 hours as trading volumes nearly doubled following spot exchange-traded fund filings by Canary Capital and 21Shares. The Form 8(a) submissions initiate a 20-day regulatory review period before potential Nasdaq listing approval by the U.S. Securities and Exchange Commission.

The U.S. Securities and Exchange Commission has postponed decisions on several XRP exchange-traded fund applications to November 14 due to the federal government shutdown. The REX-Osprey XRP ETF has exceeded $100 million in assets under management. The shutdown has now extended beyond 25 days, freezing the SEC's review process for multiple XRP-linked funds.