Franklin Templeton’s XRP ETF Gains NYSE Arca Approval
- Franklin Templeton’s XRP ETF has received approval for listing on NYSE Arca.
- The fund will trade under the ticker XRPZ with a 0.19% NAV-based sponsor fee.
- The sponsor fee will be waived on the initial $5 billion in assets until May 31, 2026.
- Grayscale is set to launch its spot XRP and Dogecoin ETFs following final clearance.
- XRP was trading at over $2, marking a nearly 3% increase in the last 24 hours.
Trading Analysis
Trading Signal: BULLISH (Score: +7)
The approval of Franklin Templeton’s ETF and upcoming launches indicate strong institutional interest in XRP.
Price Levels:
Current: $2.00
Support: $1.90 | Resistance: $2.10
24h/Recent Range: $1.94 – $2.02
Catalysts & Timeline:
• Near-term: Grayscale’s ETF launch tomorrow
The approval of Franklin Templeton’s XRP ETF by NYSE Arca marks a significant step for regulated investment products tied to XRP, with the fund trading under ticker XRPZ and an initial fee waiver on assets up to $5 billion until mid-2026. The current bullish trend sees XRP trading above $2, supported by increased market activity and upcoming product launches like Grayscale’s ETFs.
Source (3.2)https://cryptobriefing.com/franklin-templeton-xrp-etf-receives-nyse-listing-approval/?rand=59535
