XRP ETF Launch Calendar: Key Insights and Expert Analysis
Discover the latest developments in the cryptocurrency market as renowned market analyst Paul Barron unveils the timeline for the XRP ETF launch, providing crucial insights into launch dates and associated fees. As Canary Capital makes history by introducing the first ’33 Act XRP ETF, the crypto landscape is poised for significant changes.
Understanding the XRP ETF Launch Schedule and Associated Fees
According to a recent post by Paul Barron, Canary Capital is set to debut its XRP ETF with a management fee of 0.50%, following its approval by Nasdaq. This marks a significant milestone in the crypto industry. Franklin Templeton’s fund is expected to follow, with a launch date spanning from November 14 to 18. Meanwhile, Bitwise is slated to introduce its fund between November 19 and 20, boasting the most competitive management fee thus far at 0.34%.
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Further entries into the market include 21Shares and CoinShares, which are projected to launch their XRP ETFs between November 20 and 22. Grayscale is anticipated to join the fray later in November, with a slightly higher management fee of 0.35%. WisdomTree is also expected to enter the market around this timeframe.
Industry expert Paul Barron emphasized the commencement of the XRP ETF era with Canary Capital’s pioneering launch. Bloomberg’s Eric Balchunas affirmed that Nasdaq has issued the official listing notice for Canary’s XRPC, marking the final step before the launch. It’s noteworthy that this is the first ’33 Act spot XRP ETF, offering a distinct advantage over previous launches like REX-Osprey, which didn’t provide full spot exposure to institutional investors.
Impact of U.S. Government Operations on XRP ETF Launch
With the recent resolution of the U.S. government shutdown, there is potential for the Securities and Exchange Commission (SEC) to provide prompt feedback on pending XRP ETFs, potentially accelerating their approval and launch process. This development could significantly impact the timeline for upcoming funds, allowing for a more expedited market entry.
Insights from Canary Capital’s Leadership
Steven McClurg, CEO of Canary Capital, expressed excitement about launching the first single-token spot XRP ETF. He acknowledged the pivotal role played by SEC Chair Paul Atkins and Commissioner Hester Peirce in championing free market principles, paving the way for this groundbreaking launch.
In the context of the broader crypto market, XRP becomes the sixth digital asset to secure a ’33 Act ETF, joining the ranks of Bitcoin, Ethereum, Solana, Hedera, and Litecoin. Canary Capital, already known for its Hedera and Litecoin ETFs, predicts substantial inflows, potentially reaching $10 billion within the first month of trading, which could significantly influence XRP’s market value.
As of the time of writing, XRP is trading at approximately $2.47, reflecting a nearly 3% increase over the past 24 hours, according to CoinMarketCap data.
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