Franklin Templeton launched its XRP exchange-traded fund (ETF), the Franklin XRP Trust (XRPZ), on NYSE Arca on Monday, providing investors with regulated access to the XRP token. The move places one of Wall Street’s oldest institutions in the growing field of XRP fund issuers, which already includes Bitwise, Grayscale and Canary Capital.
The launch expands Franklin’s crypto range. It now manages ETFs linked to bitcoin (EZBC), ether (EZET),
David Mann, head of ETF and capital markets products at Franklin Templeton, said in a statement on Monday that XRP plays a “fundamental role in global settlement infrastructure.”
This deployment marks a significant turning point in the fortunes of XRP. Just five years ago, the token was subject to massive delistings from major exchanges after the U.S. Securities and Exchange Commission (SEC) sued Ripple in late 2020. The agency alleged that Ripple had sold of wrongdoing.
Since then, interest in XRP has rebounded, especially as regulators have begun to set clearer rules for digital assets. The Franklin Templeton ETF is part of a broader trend of institutional players entering the crypto space via regulated investment vehicles.
“Blockchain innovation is driving fast-growing businesses, and digital asset tokens like XRP are powerful incentive mechanisms that help jump-start decentralized networks and align stakeholder interests,” said Roger Bayston, head of digital assets at Franklin Templeton. “Within a diversified digital wallet, we view XRP as a foundational building block. XRPZ offers regulated custody, daily transparency, and liquidity without the operational complexity of holding the token directly.”
The ETF structure allows institutional and retail investors to gain exposure to XRP through brokerage accounts, with daily pricing and SEC oversight. Grayscale’s XRP ETF also launched on Monday.
Crypto asset manager Bitwise launched its XRP ETF last week and saw around $118,000,000 in inflows, Bitwise CEO Hunter Horsley said.
