Well, darling, it appears that XRP has strutted its stuff onto the grand stage of Wall Street, all thanks to the dashing asset management maven, Franklin Templeton. Imagine, dear reader, an exchange-traded fund elegantly tracking the tokens while regulations kindly clear a charming path for more crypto arrivals-you might say the party’s just begun, and everyone’s invited. 🥂
On Monday, the suave Franklin XRP ETF debuted on the NYSE Arca under the irresistible ticker “XRPZ.” Certainly, with a debut that coincides with Grayscale’s XRP Trust ETF (GXRP) and a couple of other darlings from Bitwise, it’s as if the crypto world has had its once-in-a-lifetime encore-though one must wonder if this isn’t merely another episode in the eternal soap opera of digital assets. 📈
The noble XRP, that dear native of Ripple’s open-source ledger, has enjoyed a sprightly 8.25% ascent in just a day-hardly the modest stroll of the Wall Street pedestrian. Imagine the thrill for investors; a regulated, crystal-clear way to access a digital asset playing an honored role in global settlement infrastructure. How quaint!
“XRPZ offers investors a convenient and regulated way to access a digital asset that plays a foundational role in global settlement infrastructure, through the transparency and oversight of an ETF,” declared Franklin’s David Mann-because nothing says sophistication quite like a corporate voice offering a “convenient” pathway amid the chaos. 🚀
Data, dear reader, on the first day’s inflows is as elusive as the Fountain of Youth-yet the NYSE suggests nearly 769,000 shares exchanged hands, clearly indicating that someone, somewhere, finds this all terribly exhilarating. Hunter Horsley, CEO of Bitwise, reports about $118 million in their XRP ETF’s last week, likely to be causing quite a ripple-pun intended-in the otherwise sedate pond of traditional investing. 💧
One cannot help but notice the timing: Franklin Templeton’s XRP venture follows their earlier adventures into crypto-linked index funds, Bitcoin, and Ether. Truly, they’ve got more tricks up their sleeve than a conjurer at the Royal Gala.
USA’s newfound passion for XRP after the SEC’s courtroom soap opera?
Oh, the intrigue! Five long years after the US SEC’s legal melodrama with Ripple, they finally dropped their case-like a bad habit, or perhaps a very expensive one. The settlement of $125 million and a fresh coat of regulatory paint seem to have opened the floodgates, and suddenly, XRP is the toast of the town. Naturally, Franklin Templeton needed SEC nods to waltz onto the NYSE Arca-truly, it all sounds positively Regency, doesn’t it?
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2025-11-25 01:10