Franklin Templeton’s arrival in the XRP ETF space is one of the most significant endorsements of the token from a legacy financial institution. The firm launched the Franklin XRP Trust, trading under ticker XRPZ on the NYSE Arca in late November, offering investors regulated exposure to the digital asset without the operational complexity of holding the token directly.
The fund is structured as a grantor trust that holds XRP and calculates its net asset value daily based on established reference rates, with custody provided by Coinbase Custody Trust Company and administration by BNY Mellon.
Furthermore, he noted that the altcoin’s market capitalization and role in global value transfer make it an important component worth regulated exposure for investors with a broad portfolio. The firm’s broader digital asset suite already includes Bitcoin and Ethereum ETFs, and XRP was the latest to join this year.
Performance And Market Reception Of XRPZ Since Launch
