Two major asset managers have introduced XRP exchange-traded funds, with XRP trading near $2.08 and posting a 3% gain in 24 hours. Franklin Templeton, managing over $1.5 trillion in assets, is expected to begin with modest seed capital while attracting significant investor inflows during the opening phase.

Franklin Templeton will launch its XRP exchange-traded fund, EZRP, on the CBOE tomorrow. The asset manager oversees approximately $1.5 trillion. XRP currently trades near $2.23, with analysts watching support at $2.10 and resistance at $2.40.

Bitcoin found buying interest in the $92,500 to $94,000 support zone after reaching oversold conditions on short-term indicators. The attempted rebound faces pressure from institutional selling, with Bitcoin ETFs recording approximately $866 million in outflows on Thursday and $492 million on Friday. BlackRock's ETF alone accounted for $463 million of Friday's withdrawals.

XRP fell approximately 8% following the debut of its first spot exchange-traded fund on Nasdaq, despite attracting $245 million in inflows on its launch day. The decline surprised market participants who had anticipated an immediate price rally after the ETF's introduction. Trading volume reached nearly $60 million during the initial session.

Canary Capital's spot XRP exchange-traded fund (XRPC) recorded $26 million in trading volume during its second session on November 20, following a $58 million debut. The fund, which holds physical XRP and tracks the CF XRP-USD Index, trades on Nasdaq amid market volatility that pushed XRP down 7.3% to $2.22.

The first spot XRP exchange-traded funds are expected to go live within the next two weeks, according to Nate Geraci, President of NovaDius. The development follows the conclusion of the SEC's five-year litigation against Ripple three months ago. Canary Capital has removed the SEC delay clause from its S-1 filing, potentially clearing the path for a Nasdaq listing on November 13.

The cryptocurrency market posted slight declines, with Bitcoin trading at $110,204 and total market capitalization at $3.7 trillion. Bitwise CIO Matt Hougan said Bitcoin could temporarily fall below $100,000 but expects a new all-time high before year-end, driven by institutional portfolio rebalancing.