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Franklin Templeton’s highly anticipated spot XRP exchange-traded fund is officially set to debut today after receiving NYSE Arca approval last week. The crypto community is buzzing, especially after analyst Chad Steingraber predicted a strong first-day performance. According to Steingraber, the Franklin Templeton XRP ETF could generate around 15 million XRP in trading volume at launch—equivalent to roughly $30 million. He even suggested that activity could climb as high as 50 million XRP once trading begins.
Steingraber emphasized that Franklin Templeton typically takes a careful, measured approach when rolling out new investment products. Because of that, he believes the biggest growth will come gradually as financial advisors begin recommending the ETF after it establishes a track record. He also highlighted that the fund will launch with a relatively small initial seed investment, meaning most of today’s activity is expected to come from new investor inflows rather than internal trading.
Listed as the Franklin XRP Trust under the ticker XRPZ, the ETF carries a sponsor fee of 0.19% of NAV. Franklin Templeton plans to waive this fee for the first $5 billion in assets until May 2026, making it a competitive option for investors seeking exposure to the XRP ecosystem. The approval follows the firm’s S-1 amendment submitted on November 4, which kicked off the mandatory 20-day countdown to launch.
The new fund enters a growing XRP ETF market, joining Bitwise and Canary Capital, whose products have already accumulated more than $422 million in net inflows over the past six days, according to SoSoValue.
Market sentiment surrounding XRP has also strengthened. Analysts at Forbes recently projected that XRP could reach $5.25 by 2030, while Egrag Crypto noted that XRP continues to hold key monthly support levels despite recent volatility. Additionally, a Ripple developer revealed that staking features could eventually be added to the XRP Ledger, enhancing its utility for tokenization and payments.
With Bitcoin recovering above $85,000 and broader crypto markets turning green, today’s ETF launch could provide another boost to XRP’s growing momentum.
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