Crypto Assets expert Chad Steingraber posted on X predicting that the Franklin Templeton XRP ETF, once launched, could see a volume of up to 30 million dollars. The fund received listing approval from the New York Stock Exchange last week and is set to officially launch today. He expects that the fund's first-day volume will reach the equivalent of 15 million XRP and is expected to challenge 50 million XRP.
Steingraber mentioned that Franklin Templeton usually launches new products cautiously. Real growth will be gradual and will require financial advisors to start recommending the product only after it has accumulated a certain performance record.
He also pointed out that the initial investment amount of the ETF is relatively small. This means that most of the trading activity on the first day should come from net inflows from investors. The official launch of the fund has been confirmed after being approved for listing on the New York Stock Exchange Arca and notifying the U.S. Securities and Exchange Commission (SEC). The Franklin XRP Trust will trade under the ticker symbol XRPZ and will charge a 0.19% initiation fee. (CoinGape)
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
XRP Long Liquidations Jump as Crypto Market Loses $285M
Key insights
XRP long traders lost $3.22 million in 24 hours, far exceeding short losses, as liquidation imbalance surged to 537% overall today.
Although XRP rose 0.37% to $1.31, traders expecting a stronger rebound toward $1.50 instead faced rapid liquidations across exchanges
CryptoNewsLand33m ago
XRP Stabilizes Near Key Levels Amid Fed Pressure and Rule Shift
Key Insights
XRP stabilized near $1.31 as macroeconomic pressures and declining liquidity combined to limit recovery momentum and increase short-term volatility risks significantly.
Proposed stablecoin regulations favor utility models, positioning RLUSD for growth while reducing incentives t
CryptoNewsLand1h ago
Altcoin XRP Nears Closing a Historic Wave 3 Breakout, Wave 4 and 5 Could Bring $8.5 ATH
Altcoin XRP nears closing a historic wave 3 breakout.
Wave 4 and 5 could bring XRP to a new ATH price this year.
The first bullish XRP ATH target expected is at the price of $8.5.
Reputed crypto and altcoin analysts have been growing more eager by the day, specifically because
CryptoNewsLand5h ago
XRPL Validator Sounds Alarm to XRP Users on Social Engineering Threat - U.Today
XRP Ledger validator Vet warns the XRP community after a social engineering scam drained $280 million from Solana's Drift Protocol, highlighting the need for caution and vigilance among builders in light of increasing crypto vulnerabilities.
UToday8h ago
