Franklin Templeton and Grayscale Launch XRP ETF on NYSE Arca
Franklin Templeton and Grayscale have launched new XRP ETF products on NYSE Arca following SEC approval, offering regulated exposure and enhanced liquidity for XRP. Franklin’s XRP ETF (ticker XRPZ) debuted with 768,692 shares traded and saw XRP rally 8.25% to $2.27, outperforming peers. This follows strong inflows into Bitwise’s XRP ETF and Franklin’s prior Bitcoin and Ether ETF launches, underscoring growing institutional interest. By boosting price discovery and market depth, the XRP ETF launch marks a bullish milestone for crypto traders.
Bullish
The launch of regulated XRP ETFs after SEC approval is bullish for XRP. Strong first-day trading volumes and an 8.25% price gain demonstrate heightened demand from institutional investors. By improving liquidity and price discovery—mirroring past boosts seen after Bitcoin and Ether ETF approvals—these new ETFs can channel significant capital into XRP. In the short term, expect elevated trading activity and volatility as markets adjust; in the long term, ongoing institutional adoption and transparent access should support sustained price appreciation and deeper market depth.