Franklin Templeton to Launch XRP ETF, Analysts Predict Increased Liquidity
- Franklin Templeton will debut its XRP ETF (ticker EZRP) on the CBOE on November 18.
- The fund is expected to compete with Canary Capital’s XRPC, which had a trading volume of $58 million on its first day.
- Bitwise plans to launch its own XRP ETF just two days later, on November 20.
- Experts suggest that XRP is entering a new phase of liquidity, attracting both traditional and speculative capital.
- Canary’s ETF saw $245 million in initial volume, surpassing BlackRock’s Bitcoin ETF’s $111.7 million debut.
The upcoming launch of Franklin Templeton’s XRP ETF may enhance investor interest in the token as analysts predict increased liquidity and inflows from institutional investors. The performance of these ETFs could significantly impact the market dynamics for XRP.
With the anticipated launch of EZRP and Bitwise’s upcoming ETF, XRP may experience a pivotal shift in market engagement following Canary’s record-setting debut with $245 million in volume.
