Franklin Templeton launched its XRP exchange-traded fund (ETF), Franklin XRP Trust (XRPZ), on NYSE Arca on Monday, giving investors 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 cryptocurrency lineup. It now manages ETFs linked to bitcoin (EZBC), ether (EZET), XRP (XRPZ) and its diversified digital asset fund (EZPZ), offering traditional investors exposure to a broader range of crypto assets without the need for self-custody.
David Mann, head of ETF products and capital markets at Franklin Templeton, said in a statement on Monday that XRP plays a “critical role in the global settlement infrastructure.”
The launch marks a significant change in XRP’s fortunes. Just five years ago, the token faced mass delistings from major exchanges after the US Securities and Exchange Commission (SEC) sued Ripple in late 2020. The agency alleged that Ripple had sold XRP as an unregistered security since 2013. That lawsuit was finally resolved in August 2025, when Ripple agreed to pay the SEC a $125 million settlement without admitting wrongdoing.
Interest in XRP has since picked up, particularly as regulators have begun to outline clearer rules for the digital assets. The Franklin Templeton ETF is part of a broader trend of institutional players entering the crypto space through regulated investment vehicles.
“Blockchain innovation is driving fast-growing companies, and digital asset tokens like XRP serve as powerful incentive mechanisms that help drive decentralized networks and align stakeholder interests,” said Roger Bayston, head of digital assets at Franklin Templeton. “Within a diversified digital portfolio, we see XRP as a fundamental component. XRPZ provides 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 approximately $118,000,000 in inflows, Bitwise CEO Hunter Horsley said.
