Franklin Templeton’s spot XRP ETF quickly attracted the market, accumulating nearly 63 million XRP in just its first week of trading, according to PANews on December 6. This growth demonstrates strong investor demand and marks the increasingly prominent role of ETFs in the regulated digital asset sector.
Launched on NYSE Arca with Coinbase Custody as the custodian, the fund has reached a market value of approximately $127.84 million and a NAV of $125.63 million. The number of outstanding shares has increased to 5.7 million, showing clear institutional interest in spot XRP assets.
The ETF’s growth momentum has drawn significant attention in the market, even though industry leaders have not yet made official statements. The fund’s rapid asset accumulation is considered one of the fastest among newly listed crypto ETFs. With XRP currently priced at $2.04 and the regulatory environment improving, this initial performance could drive greater institutional adoption in the near future.
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