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Tag: Franklin Templeton
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XRP ETFs Outshine BTC, ETH, And SOL Funds With $164M Single-Day Inflows
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Spot XRP Exchange-Traded Funds (ETFs) started the week surpassing most crypto-based investment products after the record debut performance of Grayscale and Franklin Templeton’s funds.
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GXRP, XRPZ See Record Debut
This week, the second batch of spot XRP ETFs went live, debuting with a record-breaking performance. Notably, Grayscale and Franklin Templeton launched their XRP-based investment products, recording over $60 million in net inflows each during their first day.
On Monday, Franklin Templeton debuted the new XRPZ ETF on NYSE Arca, highlighting that “its established utility in facilitating cross-currency settlement has made XRP a central component of the growing digital payments ecosystem.”
Moreover, Grayscale followed the same path as with its other existing crypto-based private trusts, converting its XRP fund into the publicly traded GXRP ETF. In a significant achievement, both funds broke Canary Capital’s XRPC record as the biggest ETF debut of 2025.
As reported by NewsBTC, Canary Capital launched the first single-token XRP spot ETF on November 13, smashing the initial expectations of multiple experts. After clearing the last regulatory hurdles, XRPC debuted on Nasdaq with a total volume of $58 million.
Ahead of its launch, senior ETF analysts predicted that the fund could surpass Bitwise’s BSOL, which previously held this achievement. After the first 30 minutes, XRPC surprised market observers with $26 million in volume, suggesting strong initial demand.
Meanwhile, BSOL recorded an impressive volume of $10 million in the first 30 minutes of trading, surging to $33 million by the half-day mark. The investment product closed its debut with $57 million in volume, beating all 900 other launches of the year.
According to SoSoValue data, Franklin’s XRPZ and Grayscale’s GXRP saw an impressive $62.6 million and $67.4 million on their launch day, surpassing Canary’s XRPC record and becoming the best debuts of any ETFs in 2025 so far.
XRP ETFs Steal The Spotlight
Besides the remarkable launch of Grayscale and Franklin Templeton’s investment funds, the XRP ETF category’s performance surpassed that of other leading ETFs on Monday, including those based on the largest cryptocurrencies by market capitalization, Bitcoin (BTC), Ether (ETH), and Solana (SOL).
Canary Capital’s XRPC and Bitwise’s XRP ETF brought in $16.4 million and $16.4 million, respectively, amounting to a total of $164 million in net inflows for the whole category on November 24.
This performance was followed by ETH ETFs, which recorded $96.6 million in inflows, led by BlackRock’s ETHA. Solana-based funds came third with $58 million in positive net flows, extending their 20-day streak with a total of $568 million in inflows, according to Farside Invest data.
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Notably, spot XRP ETFs have seen cumulative net inflows of $586.8 million, registering an eight-day positive streak and surpassing the total inflows of SOL ETFs.
On the contrary, Bitcoin ETFs registered the worst performance among the leading cryptocurrency funds. The investment products continued their choppy November performance, starting the week with $151 million in outflows, led by BlackRock’s IBIT.
As of this writing, XRP is trading at $2.18, a 1.6% decline in the daily timeframe.
XRP performance on the one-week chart. Source: XRPUSDT on TradingView Featured Image from Unsplash.com, Chart from TradingView.com
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Rubmar Garcia
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Ethereum ETF: Franklin Templeton Enters The Fray As ETH Rallies
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Wall Street titan and Asset manager Franklin Templeton has applied for an Ethereum Spot Exchange-Traded Funds (ETF) after a struggle to gain approval for their Bitcoin Spot ETF in early January.
Asset Manager Files For Spot Ethereum ETF
Asset managers have gravitated toward the Ethereum spot ETF since the United States Securities and Exchange Commission (SEC) approved the Spot Bitcoin ETF. Franklin Templeton is the latest manager to apply with the SEC to get approval for this financial product.
The asset manager’s move came after successfully introducing the BTC spot ETFs. This is a notable step toward making more crypto investment products accessible to institutional and individual investors.
James Seyffart, a senior analyst from Bloomberg Intelligence, also shared the update with the crypto community on X (formerly Twitter). Seyffart’s X post included a screenshot of the asset manager’s filing and data regarding other applicants.
According to the post, Franklin Templeton is the eighth company in the cryptocurrency market to file for product approval. Previous asset managers to file applications for Ethereum ETFs include Hashdex, BlackRock, Fidelity, Ark and 21Shares, Grayscale, VanEck, Invesco, and Galaxy.
Per the official filing, a Delaware statutory trust is how the Franklin Ethereum Trust is set up. The ETF aims to give investors access to ETH in a regulated manner by allowing them to store it directly through a custodian.
It states in the company’s S-1 filing that the proposed “Franklin Ethereum Trust” will hold ETH and “may, from time to time, stake a portion of the fund’s assets through one of the more trusted staking providers.”
Staking is the act of locking up digital currency to maintain the operations of a blockchain network. They plan to stake some of the ETF’s ETH holdings to supplement its income through staking rewards.
The Price Of ETH Rallies Amidst The Update
Franklin Templeton’s spot Ethereum ETF application was made in light of the price of ETH experiencing an uptick. However, no solid proof exists that the latest development impacted the price of crypto assets.
Related Reading: Ethereum ETFs Approval Date Set For May 23, Forecasts Suggest ETH Could Reach $4,000
Ethereum was trading at $2,661 as of press time, indicating an increase of over 7% in the past 24 hours. Data from CoinMarketCap shows that its market capitalization is also on the upside, marking an increase of over 7%.
Meanwhile, its trading volume has increased significantly by over 172% in the past day. Due to the rise, ETH now ranks third in the entire crypto market by trading volume.
ETH trading at $2,679 on the 1D chart | Source: ETHUSDT on Tradingview.com Featured image from iStock, chart from Tradingview.com
Disclaimer: The article is provided for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.
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Godspower Owie
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