Why XRP’s price is seen to surge 21% as Franklin Templeton and others join ETF rush

Core Insights - The approval of US spot XRP exchange-traded funds (ETFs) is expected to significantly boost the price of XRP, with predictions of a 21% increase to $2.75 due to cross-border liquidity and stablecoin initiatives [1][2] - XRP is currently trading at $2.27, which is nearly 40% below its all-time high of $3.65, amidst a broader market selloff of $1 trillion [2] - The first spot XRP ETF launched by Canary Capital saw a strong debut, attracting $250 million on its first trading day [2][3] Market Dynamics - Institutional investors are diversifying their investments, as evidenced by a significant outflow from Bitcoin and Ethereum ETFs, with $866 million and $260 million pulled respectively [3] - Predictions suggest that XRP ETFs could attract $5 billion in inflows shortly after their launch, indicating strong institutional interest [3] Upcoming Developments - A dozen US spot XRP funds are in the pipeline with major players like Grayscale, Franklin Templeton, and ProShares preparing for imminent launches [4] - Franklin Templeton, managing $1.5 trillion in assets, is set to introduce an XRP-linked product, XRPZ, expanding its digital asset offerings [5] - ProShares, known for launching the first US Bitcoin futures ETF, is also preparing to launch its UXRP product, further enhancing institutional access to digital assets [6]