Summary
- Franklin Templeton reported that it has launched a XRP (XRP) spot exchange-traded fund (ETF), officially joining the competition in the crypto asset ETF market.
- It stated that this XRP ETF is the fourth product following Grayscale, Canary Capital, and Rex Shares.
- They said that with the listing of XRPZ, investment access to the XRP ecosystem is expanded, and an increase in inflows from institutional and individual investors is expected.
Franklin Templeton has entered the crypto asset ETF market in earnest by launching a XRP (XRP) spot exchange-traded fund (ETF). With this listing, the XRP ETF became the fourth product.
On the 24th (local time), crypto asset (cryptocurrency) specialist media The Block reported that Franklin Templeton's XRP (XRP) ETF 'XRPZ' was listed on New York Stock Exchange Arca (NYSE Arca). This ETF entered the market as the fourth product following those launched by Grayscale, Canary Capital, and Rex Shares.
XRPZ is a product that expands investment access to the XRP ecosystem, and an increase in inflows from institutional and individual investors is expected. Amid a recent trend of XRP ETF launches in the U.S., Franklin Templeton's entry is expected to further intensify market competition.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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