- Franklin Templeton EZRP and Grayscale GXRP launch simultaneously on NYSE .
- Analysts project $150-$200 million combined daily volume by November 26 across issuers.
- Canary XRP holdings reached 146.1 million tokens valued at $283 million by November 24.
Franklin Templeton and Grayscale are launching their XRP spot ETFs on November 24, and it is the first dual XRP ETF debut in U.S. history. The simultaneous launch on the New York Stock Exchange creates conditions for substantial liquidity entering the market.
According to XRP advocate Diana, Franklin Templeton’s EZRP is expected to generate $150-$250 million in trading volume on day one. The product could attract $500 million to $1 billion in inflows during week one, with potential to reach $5 billion in early accumulation periods.
Trust Conversion Drives Grayscale Projections
Grayscale’s GXRP is projected to bring $100-$200 million in volume when combined with other issuers. The product could see $1-$2 billion in inflows from trust conversions as existing institutional holders transition to the ETF structure.
Wall Street expects $150-$200 million in daily volume by November 26 when combining all issuers. This projection encompasses Franklin Templeton, Grayscale, and other XRP ETF products entering the market during this launch window.
Data from XRP Spot ETF holdings shows Canary maintained steady accumulation through November, reaching 146,137,326 tokens valued at $283,102,051.52 by November 24. The average purchase price across Canary and Bitwise products stands at $1.94 per XRP, while current market price sits at $2.0934.
Bitwise XRP in Trust held 59,565,989.97 tokens valued at $115,360,261.46 by November 21. The data shows established ETF products accumulated over 200 million XRP tokens before Franklin Templeton and Grayscale launches.
Canary’s market value grew from $5.25 million on November 13 to $305,923,879.40 at current prices. This shows quick institutional accumulation during the first 11 days of operation. Bitwise market value reached $124,695,443.40 based on current pricing.
Seven Products Target Institutional Demand
The Franklin Templeton and Grayscale launches are only two of seven XRP ETF products approved for trading. Additional products from Bitwise, 21Shares, CoinShares, WisdomTree, and Amplify are scheduled to go live by late November.
This concentration of launches within a two-week window creates conditions for institutional XRP accumulation. Whether the $150-$200 million daily volume projection materializes depends on factors including market conditions, Bitcoin stability, and institutional allocation decisions.
Franklin Templeton manages $1.6 trillion in assets and influences over 13,000 advisory firms, providing distribution advantages that could exceed Canary’s initial performance. Grayscale’s trust conversion mechanics offer established institutional relationships that may drive immediate inflows.
Whether these launches cause immediate price appreciation or follow patterns seen with Canary’s debut remains uncertain. Canary generated $58.5 million in day-one volume with $245 million in inflows, yet XRP declined 15% in the following week from $2.52 to $2.15.
Related: XRP Could Reach $5 This Year as ETF Demand Soars and Analysts Signal Upside
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
Source: https://coinedition.com/franklin-templeton-grayscale-xrp-etfs-to-launch-nov-24-with-150m-volume-expected/
