Four Spot XRP ETFs Set to Launch This Week, Boosting Institutional Interest
- Four spot XRP ETFs are expected to launch this week, with three additional funds potentially debuting the following week.
- Franklin Templeton plans to unveil its XRP ETF today, trading under ticker EZRP on the CBOE.
- Bitwise’s XRP fund could go live between November 19 and 20 after submitting a final amendment to the U.S. SEC.
- The XRPR fund by REX/Osprey started trading on September 18, achieving over $150 million in assets under management (AUM) shortly after launch.
- Experts predict that these new ETFs could lead to billions in inflows, potentially raising XRP’s price towards its all-time high of $3.80 from the current $2.15.
The anticipated launches of seven new spot XRP ETFs in November may significantly enhance institutional investment in the token, which is recovering from a downturn.
With four ETFs launching this week and potential for billions in inflows, XRP aims to reach its previous all-time high of $3.80, marking a significant increase from its current price of $2.15.
