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Big news has arrived - XRP Spot ETF officially log in to the New York Stock Exchange!
The XRP ETF under Franklin Templeton has just received approval for listing on the NYSE Arca, with the trading code set as XRPZ and a management fee of 0.19% per year. This is not an isolated case; recently, several institutions' XRP Spot ETF products have been successively approved, and the regulatory attitude is clearly shifting.
The signal released by this wave of ETF approvals is very clear: the acceptance of crypto assets by traditional financial institutions is accelerating. As more compliant funds enter the market through ETF channels, the liquidity and trading depth of the entire crypto market will experience a qualitative change. As a long-established public chain token, XRP has taken a key step with the implementation of this ETF.
What deserves attention next is the scale of capital inflow into these products after their launch, and whether it will accelerate the approval of ETFs for other mainstream cryptocurrencies.