TLDR
- Franklin Templeton’s XRP ETF, XRPZ, launched today on the NYSE after final approval.
- Analyst Chad Steingraber expects 15–50M XRP volume, equal to $30M on day one.
- The ETF has a 0.19% sponsor fee, waived for the first $5B in assets until May 2026.
- Bitwise and Canary Capital XRP ETFs have already attracted $422M in net inflows.
Franklin Templeton’s spot XRP ETF officially began trading today under the ticker XRPZ. This follows NYSE Arca’s listing approval last week and SEC notification.
The fund is part of the Franklin XRP Trust and offers exposure to XRP for institutional and retail investors. The ETF has a 0.19% sponsor fee, which will be waived for the first $5 billion in assets until May 2026.
Analyst Predicts Up to $30 Million Trading Volume
Crypto analyst Chad Steingraber shared his expectations on X, forecasting a day-one trading volume of 15 to 50 million XRP. Based on current XRP prices, this equates to about $9 million to $30 million in potential activity.
“Franklin Templeton usually starts new products conservatively,” Steingraber stated. He added that larger investments might come once the product gains more market data and performance history.
He also explained that the fund’s initial launch will be relatively small, meaning most trading activity is expected to be new inflows rather than internal movements.
XRPZ Joins Other XRP ETFs in a Growing Market
The Franklin Templeton XRPZ fund joins other spot XRP ETFs already on the market. Bitwise and Canary Capital launched their XRP ETFs earlier this month and have seen strong demand.
According to SoSoValue data, both firms have seen combined net inflows exceeding $422 million in the past six trading days. These figures point to rising investor demand for XRP-related investment products.
Franklin Templeton submitted an S-1 amendment on November 4, which triggered the regulatory 20-day countdown to the launch.
Market Recovers as XRP Holds Support Levels
The broader crypto market is showing signs of recovery after a recent downturn. Bitcoin is now trading above $85,000, which has helped altcoins, including XR,P return to positive momentum.
Despite market volatility, XRP remains above key monthly support levels, according to crypto analyst Egrag Crypto. Analysts say that ETFs are drawing more attention to XRP as an investable asset.
Additionally, developers are considering staking options for the XRP Ledger. One Ripple developer confirmed that the blockchain already supports payments and tokenization, and that adding staking features is technically possible
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