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2h ago

Franklin Templeton Launches XRP ETF as New U.S. Funds Draw $164 Million in a Day

The ETF arrives after Ripple’s SEC case was settled in August, clearing a path for mainstream, regulated exposure to XRP.

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Overview

  • Franklin Templeton’s Franklin XRP Trust begins trading on NYSE Arca under ticker XRPZ with a 0.19% fee waived on the first $5 billion in assets through May 2026.
  • Spot XRP ETFs recorded about $164 million in net inflows on Nov. 24, including roughly $62.6 million for XRPZ and $67.36 million for Grayscale’s newly listed GXRP.
  • The fund is designed to mirror XRP’s price via the CME CF XRP‑USD Reference Rate (New York Variant) and offers regulated custody with daily transparency and liquidity.
  • XRP rallied roughly 8% during the debut session, extending a rebound as multiple spot products opened regulated access for investors.
  • The launch adds to a growing field that includes Bitwise and Canary Capital, with additional issuers such as 21Shares and CoinShares advancing listings through approvals and DTCC readiness.