Overview
- Trading under the ticker XRPZ, the fund offers regulated custody, daily transparency and brokerage access as it tracks the New York Variant of the CME CF XRP-Dollar Reference Rate.
- XRPZ rose 8.7% from a $22.60 start on its first day, while XRP gained roughly 9% over 24 hours during the launch window.
- Franklin Templeton joins Bitwise, Grayscale and Canary Capital in rolling out spot XRP products, with Grayscale the same day converting and uplisting its XRP (GXRP) and Dogecoin (GDOG) funds to true spot ETFs.
- Bitwise reported about $118 million in early inflows to its XRP fund, and Canary logged approximately $58 million on its debut day.
- The Franklin fund’s management fee is 0.19% of NAV, waived on the first $5 billion of assets until May 2026, and it was cleared for trading by NYSE Arca.