Franklin Templeton announced the listing of its XRP exchange-traded fund on NYSE Arca, marking its entry into spot cryptocurrency ETFs. The fund, trading under the ticker XRPZ, allows institutional and retail investors to gain direct exposure to XRP without holding the token directly.
In its filing with the U.S. Securities and Exchange Commission, Franklin Templeton described the XRP ETF as “foundational to global finance,” citing XRP’s speed and cost efficiencies as key drivers for adoption in cross-border settlement. The firm highlighted XRP’s average transaction cost of under $0.001 and a settlement time of under four seconds per transfer.
The ETF is structured to hold XRP tokens at regulated custodians, with auditing and proof-of-reserves conducted monthly by an independent third party. Franklin Templeton aims to launch the ETF with an initial net asset value of $100 million, scaling over time as demand materializes. The fund will charge an annual fee of 0.49%, aligning with other actively managed cryptocurrency products.
Market analysts view the launch as significant validation for XRP’s role beyond speculative trading, particularly as major financial institutions explore blockchain-based payment solutions. Ripple Labs, the company behind XRP, has over 300 enterprise users of its On-Demand Liquidity service, including MoneyGram and Santander.
The XRP ETF joins a growing roster of cryptocurrency ETFs following the SEC’s approval of spot Bitcoin products earlier in 2025. Industry observers expect that successive ETF filings for Ether and other tokens may follow, further bridging digital assets and traditional markets.
Franklin Templeton’s head of digital assets noted that institutional clients have expressed strong interest in regulated access to XRP. The firm’s move underscores the broader trend of asset managers incorporating blockchain-native assets into diversified portfolios, potentially reshaping capital flows into the crypto sector.
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