Five U.S. Spot XRP ETFs Record $21.1M in Hours as Franklin Templeton Leads
Five recently launched U.S. spot XRP ETFs generated $21.12 million in combined trading volume within a few hours, according to analyst Chad Steingraber. Franklin Templeton’s XRP ETF (XRPZ) led intraday activity with $6.34 million across about 267,864 shares, followed by Canary’s XRPC ($5.63M, ~242,079 shares) and Bitwise’s fund ($5.20M, ~212,668 shares). REX‑Osprey and Grayscale ETFs posted $1.99M and $1.96M respectively. The flows are notable given XRP’s roughly 3% daily price decline, and while today’s volume is lower than earlier peaks, it indicates sustained institutional interest. Additional spot XRP ETFs from 21Shares, CoinShares and WisdomTree are expected to list soon, potentially increasing institutional adoption and liquidity for XRP. Primary keywords: XRP ETF, spot XRP ETF, trading volume.
Bullish
The launch and immediate trading activity of multiple U.S. spot XRP ETFs suggest rising institutional demand and easier on‑ramp for tax‑sensitive or regulated investors who prefer ETF wrappers over direct token custody. $21.12M in a few hours—led by Franklin Templeton, Canary and Bitwise—signals meaningful capital allocation even amid a ~3% daily XRP dip. Historically, the debut and steady trading of spot crypto ETFs (e.g., spot BTC/ETH ETF launches) have correlated with improved liquidity, narrower spreads, and increased price support as institutional flows gradually accumulate. Short term: the news may produce positive momentum for XRP price and higher intraday liquidity, though volatility could persist as traders arbitrage ETF vs. spot markets. Long term: additional ETF listings (21Shares, CoinShares, WisdomTree) could broaden institutional participation, deepen order books, and reduce volatility, providing structural bullish support. Risks: A slowdown in inflows or negative macro sentiment could mute effects; ETF flows can also be transient and concentrated in early listing periods.