Franklin Templeton Launches XRP Spot ETF: A Milestone for Crypto Accessibility

Franklin Templeton, one of Wall Street’s oldest and most respected institutions, has launched the Franklin XRP Trust (XRPZ), a spot exchange-traded fund tracking the performance of XRP tokens, on the NYSE Arca platform. This development, announced on November 25, 2025, marks a significant step in bringing regulated access to XRP for traditional investors, allowing them to gain exposure without the complexities of self-custody.

XRPZ ETF: Key Details and Structure

The Franklin XRP Trust provides direct exposure to XRP, the native cryptocurrency of the Ripple network known for its use in cross-border payments and remittances. The ETF holds XRP in secure custody and aims to mirror its spot price, with shares trading on NYSE Arca during regular market hours. Authorized participants can create or redeem shares using in-kind XRP deposits or cash, ensuring liquidity and alignment with the underlying asset.

This launch expands Franklin Templeton’s growing suite of cryptocurrency products, which already includes ETFs linked to Bitcoin, Ethereum, and a diversified digital asset fund. By offering XRPZ, the firm enables institutional and retail investors to access a broader range of digital assets through familiar brokerage accounts and retirement vehicles like IRAs.

• Trading Platform: NYSE Arca
• Asset Exposure: Spot XRP holdings
• Custody: Regulated third-party custodians

Franklin Templeton Joins Growing List of XRP ETF Issuers

Franklin Templeton’s entry into the XRP ETF space follows launches by other major players, including Bitwise, Grayscale, and Canary Capital. This competition underscores the increasing mainstream interest in XRP, which has a market capitalization exceeding $137 billion and is widely used for efficient international transfers. The ETF format addresses previous barriers, such as custody and regulatory compliance, making it easier for investors to participate in the asset’s growth.

The move aligns with broader trends in the cryptocurrency industry, where spot ETFs have democratized access to digital assets beyond Bitcoin and Ethereum.

Implications for Investors and the Crypto Market

The XRPZ ETF represents a maturing ecosystem where traditional finance institutions are increasingly embracing blockchain-based assets. For investors, it offers a convenient, regulated way to gain exposure to XRP’s utility in global payments without managing wallets or dealing with exchange complexities. As more ETFs like this launch, they could drive greater liquidity and adoption, potentially benefiting the underlying networks.

In summary, Franklin Templeton’s launch of the XRPZ spot ETF on NYSE Arca provides a regulated entry point for investors into XRP, joining competitors like Bitwise and Grayscale while highlighting the growing integration of cryptocurrency into mainstream financial products.