Franklin Templeton Launches XRPZ ETF for Exposure to XRP

Table of Contents

TLDR:

Franklin Templeton unveils XRPZ ETF, offering regulated XRP exposure.
XRPZ ETF lets investors access XRP with daily pricing and SEC oversight.
Franklin Templeton strengthens digital asset lineup with XRPZ ETF.
New XRPZ ETF brings transparency and liquidity to XRP investments.
Franklin Templeton enters crypto market with the XRPZ ETF on NYSE Arca.

Franklin Templeton has launched its XRP exchange-traded fund (ETF), called the Franklin XRP Trust (XRPZ), on NYSE Arca. This marks a significant move for the asset manager as it enters the growing market of digital asset ETFs. The new product allows institutional and retail investors to gain exposure to XRP, the digital asset used for cross-border payments. The launch positions Franklin Templeton as a key player in the field, alongside other firms like Bitwise, Grayscale, and Canary Capital.

XRPZ ETF Provides Regulated Exposure to XRP

The Franklin XRPZ ETF offers a convenient way for investors to access XRP through a regulated vehicle. As an ETF, XRPZ provides daily pricing and oversight by the U.S. Securities and Exchange Commission (SEC), allowing investors to buy and sell shares in brokerage accounts. The ETF’s performance is tied to the CME CF XRP-Dollar Reference Rate, ensuring that it reflects the value of XRP without the complexity of directly holding the token.

David Mann, Head of ETF Product and Capital Markets at Franklin Templeton, highlighted the importance of XRP in the global financial ecosystem. He noted that XRP plays a foundational role in global settlement infrastructure, making it an essential asset in the digital payments sector. XRPZ offers investors exposure to this critical digital asset with the benefit of regulated custody and transparency.

Franklin Templeton Expands Digital Asset ETF Lineup

The launch of XRPZ is part of Franklin Templeton’s broader effort to expand its digital asset offerings. The firm already manages ETFs focused on bitcoin (EZBC), ether (EZET), and a diversified digital asset fund (EZPZ). These ETFs allow traditional investors to gain exposure to the crypto market without dealing with the challenges of self-custody or operational complexities.

Roger Bayston, Head of Digital Assets at Franklin Templeton, emphasized that XRP is a key component of decentralized networks. He explained that the token helps align stakeholder interests and incentivizes the growth of blockchain businesses. XRPZ provides an efficient way for investors to gain exposure to XRP, offering liquidity, daily transparency, and regulated custody.

The ETF structure also ensures that investors can access the potential benefits of XRP while avoiding the operational challenges of holding the token directly. As the digital asset market continues to evolve, Franklin Templeton’s new XRPZ ETF adds a valuable option to its growing lineup of cryptocurrency-focused products.