Franklin Templeton’s XRP ETF Launch Predicted to Hit $30 Million Volume

TLDR

• The Franklin Templeton XRP ETF is launching today with projections of up to $30 million in trading volume on day one.
• Crypto expert Chad Steingraber forecasts the ETF could see up to 50 million XRP traded initially.
• The ETF will trade under the ticker symbol XRPZ with a management fee of 0.19% of its NAV.
• The fund will waive its management fee for the first $5 billion in assets until May 2026.
• The ETF launch follows approvals from NYSE Arca and the SEC, confirming its trading status.
• Franklin Templeton joins other firms like Bitwise and Canary Capital in offering XRP-based investment products.

The Franklin Templeton XRP ETF is set to go live today, after receiving approval from the NYSE last week. Crypto expert Chad Steingraber predicts the fund could see $30 million in trading volume on its first day. He expects this to be equivalent to 15 million XRP traded on day one. Steingraber also forecasts that trading volume could reach as high as 50 million XRP.

Steingraber highlighted that Franklin Templeton usually introduces new products with caution. He noted that actual growth will come gradually, once financial advisors begin recommending the ETF. The launch will start with a smaller investment, which means most of the early activity will likely consist of net inflows from investors.

Franklin Templeton XRP ETF to Trade Under Symbol XRPZ

The Franklin Templeton XRP ETF will be listed under the ticker symbol XRPZ. The fund’s management fee is set at 0.19% of its net asset value (NAV). This fee will be waived for the first $5 billion in assets until May 2026. The fund’s launch is part of a growing trend of XRP ETFs, with Canary Capital and Bitwise Asset Management launching their own spot XRP ETFs earlier this month.

Franklin Templeton’s filing for the XRP ETF began with an S-1 amendment on November 4. This set off a 20-day countdown to the fund’s official launch. The ETF was cleared for trading by the NYSE Arca, which informed the SEC of the approval. With this approval, Franklin Templeton joins a growing number of financial firms offering XRP-related investment products.

XRP ETFs See Growing Investor Interest

The XRP ETFs launched by Bitwise and Canary Capital have already attracted significant inflows. Over the past six days, these funds have recorded net inflows of more than $422 million. This demonstrates continued investor interest in XRP-based investment products.

The launch of the Franklin Templeton XRP ETF will add to this growing trend. Investors expect the fund to gain momentum as it develops a performance history. As the market recovers from its recent crash, interest in XRP and other cryptocurrencies is on the rise, with Bitcoin recently trading above $85,000.

With the SEC’s approval, the Franklin Templeton XRP ETF represents another key step in the broader acceptance of XRP in mainstream financial markets. As more investors show interest in the fund, trading volumes are likely to grow, adding to the momentum of XRP ETFs across the market.

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