- Grayscale prepares for strong XRP ETF debut with significant projected inflows.
- Franklin Templeton expects steady XRP demand as its conservative launch begins.
- Analyst forecasts combined ETF activity boosting overall XRP market interest quickly.
Analyst Chad Steingraber has outlined fresh expectations for the debut of two major XRP funds. His projections have intensified market discussions as both Grayscale and Franklin Templeton prepare for their first day of trading on the New York Stock Exchange.
According to Steingraber, Franklin Templeton intends to begin with a conservative structure that reflects its position as a $1.5 trillion asset manager. He stated that the firm seeded the product with only a few million dollars’ worth of XRP, although the exact figure remains undisclosed. He explained that this limited seed suggests most opening day activity will come from net inflows rather than outflows.
Additionally, he expects Franklin Templeton’s first trading session to align closely with the performance seen during Bitwise’s launch. He projected about $25 million in trading volume on day one. He also estimated that the fund could add roughly 15 million XRP to its holdings during its initial session, which fits the firm’s measured approach.
Analyst Projects Stronger Opening Interest For Grayscale’s XRP Trust
Steingraber projected a heavier participation in Grayscale’s XRP trust due to its broader market reach. Steingraber revealed that the trust begins with an initial private placement valued at $11,673,329. He noted that this amount, combined with accessibility through major brokerages such as Charles Schwab, places the fund in a strong position for its debut.
Moreover, Steingraber projected that Grayscale could generate between $45 million and $50 million in trading volume on its first day. He added that this activity could involve around 25 million XRP, which would place the trust near historic opening levels for similar digital asset products.
Furthermore, he highlighted that both funds may scale steadily after launch due to the size and influence of the firms behind them. He stated that increasing institutional engagement could support deeper liquidity for XRP as the market adjusts to new investment flows.
Steingraber’s estimates indicate that Franklin Templeton and Grayscale are set for meaningful day-one performance. His projections point to solid inflows and active trading as both XRP products establish their early footing in the digital asset market.
Also Read: Grayscale Just Turned the XRP Liquidity Game Up, Here’s Why This Is Huge for XRP
