Key facts: Franklin Templeton, Grayscale launch XRP ETFs; $33.6B inflows possible; XRP price drop triggers $1.14M liquidations
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- Franklin Templeton's XRPZ ETF debuted on NYSE Arca, showcasing XRP's role in cross-currency settlements. Grayscale also launched its GXRP ETF, both achieving record performances.1
- Analysis shows that $33.6 billion in annual ETF inflows could allow institutions to buy most of XRP's supply within a year, potentially depleting it in under six months.2
- XRP's price drop led to $1.14 million in liquidations in 12 hours, with a 1,447% imbalance. Long positions made up $1.23 million, while shorts lost $85,580.3