Launch Alert: Franklin Templeton’s XRPZ ETF Enters the Arena, Touting Global Impact
Key Facts
- Franklin Templeton launched the Franklin XRP ETF (ticker: XRPZ) on the NYSE Arca exchange today.
- The volume was about $13.8 million in the first three hours, with steady but low interest.
Franklin Templeton, a big investment firm, just made a big move in the world of cryptocurrency. They started a new exchange-traded fund (ETF) that is all about XRP, Ripple’s digital token. The New York Stock Exchange’s Arca platform was the first place to trade this fund, XRPZ. It’s a way for people to put money into XRP without having to buy the token directly, which is safer and easier.
What stands out is what Franklin Templeton says about XRP. They say it’s “foundational” to the world’s economy. That means they think it’s a basic part of moving money around the world quickly and cheaply. They talked about XRP’s role in settlements in their announcement. That’s like the work that goes on behind the scenes to move money between countries or banks.
ETFs like this one connect traditional money with digital assets. Franklin Templeton has been in the crypto business for a while. They manage more than $1.5 trillion in assets. They already have money for Bitcoin and Ethereum. Adding XRP shows that they really believe in its technology for use in the real world, especially for payments. This gives investors more choices. The fund is a safe way to get exposure to XRP, and it waives fees for the first few buyers to get them to buy. It’s like buying stock in a company, but the price is linked to XRP.
Today was the first day of trading, and the early numbers look good. A tweet from Ripple Bull Winkle, a crypto expert, said that the volume was $13.81 million in three hours. Digital Autonomous Conductor wrote another post that mentioned $6 million early on, saying it was a good start for getting investors involved.
Not everyone is going crazy yet. Some people think that inflows into XRP ETFs could reach $5–12 billion next year, but others think they could go even higher. XRP’s price went down a little bit during the launch, but experts think this is a sign that it is becoming more legitimate in finance.
Franklin is not the only one. Today, Grayscale also launched its XRP ETF. Soon, other companies like Bitwise, VanEck, and 21Shares will also get approval. This race got more exciting after regulators gave it the green light, just like what happened with Bitcoin ETFs.
