XRP News Today: XRP Stands Strong Amid Crypto Downturn as ETFs Attract Unprecedented Investments
- XRP surged 8% to $2.03 as Franklin Templeton's XRPZ ETF and Grayscale's GXRP ETF launched, signaling institutional confidence in the cryptocurrency. - XRP-focused ETFs attracted $422M in inflows since November, outperforming Bitcoin and Ethereum amid broader crypto market volatility. - Franklin Templeton's XRPZ offers 0.19% fee waivers up to $5B and daily liquidity, while Grayscale's GXRP provides zero fees for three months. - XRP's growth is attributed to cross-border payment utility and Ripple's $2.7B
XRP jumped by more than 8% over the last day, reaching close to $2.03, following the launch of Franklin Templeton's
Franklin Templeton's XRPZ, designed as a grantor trust that holds XRP tokens, seeks to give investors regulated access to the asset, along with daily liquidity and transparency
This ETF launch comes after a series of XRP-centric offerings, such as Bitwise's and Canary Capital's spot XRP ETFs, which have
XRP's latest price surge stands out against the broader market downturn, as the token brought in $89.3 million in net inflows last week, while Bitcoin and Ethereum saw notable outflows
Recent regulatory changes have further propelled XRP's momentum. The U.S. Securities and Exchange Commission (SEC) has approved the Bitwise 10 Crypto Index ETF, which allocates 4.97% to XRP
Looking forward, the ETF market may see heightened rivalry between single-asset and index-based products. Although institutional interest in XRP is rising, larger economic trends—such as Federal Reserve policies—are expected to shape overall market direction
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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