Grayscale GXRP & Franklin XRPZ Launch XRP Spot ETF on Arca
Grayscale and Franklin Templeton have launched new XRP Spot ETF products on the Arca exchange. The XRP Spot ETF offerings, GXRP and XRPZ, bring direct XRP exposure to U.S. markets. Grayscale’s GDOG and Bitwise’s BWOW listings further expand the meme-coin ETF segment. A Bloomberg analyst forecasts a LINK Spot ETF this week, part of over 100 crypto ETFs expected in the next six months. These launches highlight rising institutional demand for physically settled crypto ETFs and improved liquidity in the spot crypto ETF market.
Bullish
The launch of XRP Spot ETFs by Grayscale and Franklin Templeton is bullish for the market. Similar to the 2023 approval of Bitcoin and Ethereum spot ETFs, these new products can drive institutional inflows and improve liquidity. The diversified meme-coin ETF offerings, including GDOG and BWOW, broaden investor access. Forecasts of over 100 crypto ETFs in the next six months underscore rapid institutional adoption. In the short term, increased ETF trading volume could lift XRP prices and boost market sentiment. In the long term, growing demand for physically settled crypto ETFs will support spot market stability and ongoing price appreciation across the crypto sector.