Franklin Templeton XRP ETF Launches with High Volume Expectations
- The Franklin Templeton XRP ETF is expected to reach up to $30 million in trading volume on its first day.
- Crypto expert Chad Steingraber predicts trading activity could hit the equivalent of 15 million XRP initially.
- The ETF will trade under the name XRPZ, with a sponsor fee of just 0.19% waived for the first $5 billion in assets until May 2026.
- The launch follows NYSE Arca’s approval and comes shortly after similar products from Bitwise and Canary Capital.
- Existing XRP ETFs have seen net inflows exceeding $422 million over six consecutive days.
This launch marks a significant development in the cryptocurrency market, particularly for XRP investors, as it introduces another investment vehicle that may attract institutional interest and drive demand.
With projected volumes reaching $30 million on day one, the Franklin Templeton XRP ETF aims to capitalize on growing investor interest in ETFs linked to cryptocurrencies.
