Crypto Assets expert Chad Steingraber posted on X predicting that the Franklin Templeton XRP ETF, once launched, could see a volume of up to 30 million dollars. The fund received listing approval from the New York Stock Exchange last week and is set to officially launch today. He expects that the fund's first-day volume will reach the equivalent of 15 million XRP and is expected to challenge 50 million XRP.
Steingraber mentioned that Franklin Templeton usually launches new products cautiously. Real growth will be gradual and will require financial advisors to start recommending the product only after it has accumulated a certain performance record.
He also pointed out that the initial investment amount of the ETF is relatively small. This means that most of the trading activity on the first day should come from net inflows from investors. The official launch of the fund has been confirmed after being approved for listing on the New York Stock Exchange Arca and notifying the U.S. Securities and Exchange Commission (SEC). The Franklin XRP Trust will trade under the ticker symbol XRPZ and will charge a 0.19% initiation fee. (CoinGape)
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