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 crypto program. 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 wider range of crypto assets without requiring self-custody.
David Mann, Head of ETF Product and Capital Markets at Franklin Templeton, said in a statement Monday that XRP plays a “fundamental role in the global settlement infrastructure.”
The rollout marks a significant turnaround 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 been selling XRP as an unregistered security since 2013. That lawsuit was finally settled in August 2025, when Ripple agreed to pay $125 million to settle the SEC.
Since then, interest in XRP has returned, especially as regulators have begun to outline clearer rules for digital assets. Franklin Templeton’s ETF is part of a broader trend of institutional players entering the crypto space through regulated investment vehicles.
“Blockchain innovation is driving fast-growing businesses, and digital asset tokens like XRP serve as powerful incentive mechanisms that help power 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 building block. XRPZ provides regulated custody, daily transparency and liquidity without the operational complexity of holding the token directly.”
The ETF structure lets institutional and retail investors gain XRP exposure 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 about $118,000,000 in inflows, Bitwise CEO Hunter Horsley said.
