Just now! The opening battle of the XRP Spot ETF on its first day: Bitwise and Franklin Templeton are fighting fiercely. By noon, the two were almost evenly matched—Franklin's XRPZ traded 327,000 shares with a trading volume of 7.49 million USD, while Bitwise's XRP traded 320,000 shares with a trading volume of 7.498 million USD.
In the first hour, a trading volume of 13.94 million dollars was generated, with four ETFs launched together, heating up the excitement:
• Bitwise leads: 195,000 shares, $4.54 million • Canary XRPC closely follows: 192,000 shares, $4.26 million • Franklin XRPZ: 176,000 shares, $4 million • Grayscale GXRP bottomed out: 28,000 shares, 1.13 million USD
Interestingly, this week, $89.3 million flowed into the XRP funding, while the entire market experienced an outflow of $1.94 billion. Will this wave of ETF change the game?
Currently, XRP is quoted at $2.08, having rebounded from a low of 1.75-1.85. Some analysts say not to fear this wave and to hold the ground, stating that the expectations of a crash triggered by the ETF launch have been exaggerated.
Attention for those wanting to enter the market: The advantages of an ETF are extremely high liquidity and the complexity of wallets, while the disadvantages are the management fees and the fact that you don't actually own XRP. The opposite is true for buying coins directly. Weigh it for yourself.
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Just now! The opening battle of the XRP Spot ETF on its first day: Bitwise and Franklin Templeton are fighting fiercely. By noon, the two were almost evenly matched—Franklin's XRPZ traded 327,000 shares with a trading volume of 7.49 million USD, while Bitwise's XRP traded 320,000 shares with a trading volume of 7.498 million USD.
In the first hour, a trading volume of 13.94 million dollars was generated, with four ETFs launched together, heating up the excitement:
• Bitwise leads: 195,000 shares, $4.54 million
• Canary XRPC closely follows: 192,000 shares, $4.26 million
• Franklin XRPZ: 176,000 shares, $4 million
• Grayscale GXRP bottomed out: 28,000 shares, 1.13 million USD
Interestingly, this week, $89.3 million flowed into the XRP funding, while the entire market experienced an outflow of $1.94 billion. Will this wave of ETF change the game?
Currently, XRP is quoted at $2.08, having rebounded from a low of 1.75-1.85. Some analysts say not to fear this wave and to hold the ground, stating that the expectations of a crash triggered by the ETF launch have been exaggerated.
Attention for those wanting to enter the market: The advantages of an ETF are extremely high liquidity and the complexity of wallets, while the disadvantages are the management fees and the fact that you don't actually own XRP. The opposite is true for buying coins directly. Weigh it for yourself.