XRP Gets Major Boost as Four Spot ETFs Prepare for Launch This Week

It is expected that four spot XRP ETFs will launch this week in the financial markets. There are also three additional funds that could make their debut the week after. This could bring potentially massive institutional inflows for the token as it looks to recover from its downturn.

Four XRP ETFs Set for Debut

Activity in XRP funds is looking up as institutions position to leverage on the momentum from the first launches. After Canary Capital’s product launched last week, many other asset managers could see their funds launch this week.

Franklin Templeton, for instance, plans to unveil its XRP ETF later today. It would trade under ticker EZRP on the CBOE. This came after the firm submitted a filing last week aimed at removing any hurdle that may pause its debut.

Just a day later, Bitwise is expected to launch as well. The firm recently submitted a “final amendment” to the U.S. SEC. This means that the Bitwise XRP fund could go live between November 19 and 20. The asset manager also had a successful launch of its Solana ETF (BSOL) in late October.

Also, 21Shares has started the SEC review process by submitting its registration statement. This begins a 20-day review period. Sources say that both the 21Shares and CoinShares offerings could be available in the market around November 20–22.

Likewise, the XRPR fund by REX/Osprey started trading on September 18 with a first-day volume of $38 million. Afterward, it picked up more than $150 million in AUM. That shows the kind of interest the other products could get.

XRP to Attract Investment with ETF Launches

The effect of the seven new spot XRP ETFs launching in November could help see the Ripple coin finally meet its projected valuations. Experts believe the launch could lead to billions in new inflows. This could potentially bring back the token to its previous all-time high of $3.80. This is 34% above the current market price of the token at $2.15.

For example, a crypto analyst recently pointed to a bullish divergence for XRP in the 4-hour chart. He indicated that price action has broken a minor downtrend and is entering a strong technical zone. All of this, he further added, is in line with a favorable order block structure. This could bring in more upside.

Elsewhere, VanEck has launched a zero-fee staking-enabled Solana ETF. The fund is designed to see capital rotation from Bitcoin and Ethereum into products like SOL and XRP. The firm has also hinted at possibly launching an XRP ETF product.