TLDR
- Four spot XRP ETFs are set to launch this week, attracting institutional interest.
- Franklin Templeton plans to launch its XRP ETF under the ticker EZRP on the CBOE.
- Bitwise is expected to launch its XRP ETF between November 19 and 20 after filing a final amendment with the SEC.
- 21Shares and CoinShares have started the SEC review process for their XRP ETFs, with launches expected in late November.
- REX/Osprey’s XRPR fund, which launched in September, has seen over $150 million in assets under management.
Four spot XRP ETFs are set to launch this week, signaling strong interest in the token. The launches could bring substantial institutional inflows and push XRP’s price higher. This follows a series of developments that have increased XRP’s momentum in recent weeks.
Several asset managers are preparing to launch their XRP ETFs. Franklin Templeton will unveil its XRP ETF today, trading under the ticker EZRP on the CBOE. The firm filed a submission last week to ensure no delays in the launch.
Bitwise is also expected to go live soon, with a final amendment submitted to the U.S. SEC. The Bitwise XRP fund could be available by November 19 or 20. Bitwise had previously launched its Solana ETF successfully in October.
Upcoming XRP ETF Products
Apart from Franklin Templeton and Bitwise, other firms are also preparing XRP ETFs. 21Shares has begun the SEC review process for its XRP ETF, which could launch between November 20 and 22. CoinShares has followed a similar route, and their product could also debut around the same time.
REX/Osprey’s XRPR fund has been trading since September 18 and has seen impressive growth. On its first day, the fund accumulated $38 million in volume and $150 million in assets under management. Investor interest in these products demonstrates growing enthusiasm for XRP in the market.
VanEck has also launched a zero-fee staking-enabled Solana ETF, hinting at a future XRP fund. The firm plans to raise capital from Bitcoin and Ethereum and allocate it to tokens like Solana and XRP. This move highlights the increasing interest in XRP-based financial products.
XRP Price Shows Potential for Strong Upside
The surge in XRP ETF offerings has raised expectations for a price rally. The market anticipates significant inflows, potentially pushing XRP back to its all-time high of $3.80. XRP’s current market price of $2.15 is 34% below this peak, suggesting potential upside.
A bullish divergence in XRP’s 4-hour chart indicates that the price may soon break out of its current downtrend. Technical indicators suggest that XRP could be entering an intense growth phase. The upcoming ETF launches may further fuel this price momentum, attracting more buyers to the market.
The XRP market remains highly active as institutions position themselves ahead of the ETF launches. These financial products could pave the way for greater institutional participation and stronger price performance for XRP. The upcoming weeks could be crucial for XRP’s market trajectory.
