Franklin Templeton has officially launched its new XRP exchange-traded fund (ETF), the Franklin XRP Trust (ticker: XRPZ), marking one of the most significant institutional milestones for XRP to date. The fund began trading today on NYSE Arca, expanding Franklin Templeton’s growing list of crypto investment products, which already includes its Bitcoin ETF (EZBC) and Ethereum ETF (EZET).
What the XRPZ ETF Offers
The new product is structured as a grantor trust, directly holding XRP, the digital asset powering Ripple’s XRP Ledger. Its net asset value (NAV) tracks the CME CF XRP-Dollar Reference Rate (NY Variant), a benchmark designed for regulated financial products.
Custody of the fund’s XRP assets is handled by Coinbase Custody Trust Company, LLC, one of the largest institutional digital asset custodians in the United States.
Franklin Templeton has set the fund’s annual management fee at 0.19%, making it one of the most cost-competitive XRP investment vehicles on the market. Notably, the firm is waiving all fees for the first $5 billion in assets until May 31, 2026, a clear move to attract early institutional inflows.
Broader Context and Market Momentum
The XRPZ launch arrives as institutional appetite for regulated crypto exposure continues to grow. Franklin Templeton now joins Bitwise, Grayscale, and other issuers that have moved quickly following the resolution of the SEC vs. Ripplelegal battle, a development that cleared a key regulatory hurdle for XRP-based financial products.
Today’s trading debut saw solid early activity, with Franklin Templeton’s XRPZ launching alongside Grayscale’s GXRP. Analysts view these dual listings as an important signal that institutional investors are broadening their focus beyond Bitcoin and Ethereum.
As demand for diversification inside crypto portfolios increases, XRP’s entry into the ETF arena may serve as a new gateway for traditional funds, wealth managers, and allocators looking for compliant exposure to non-BTC assets.
