Franklin Templeton debuts XRPZ ETF, joining growing crypto fund offerings
Asset management firm Franklin Templeton has introduced its XRP exchange-traded fund, joining a widening field of crypto funds hitting the market.The Franklin XRP ETF, ticker symbol XRPZ, launched on Monday on NYSE Arca, and looks to reflect the price of XRP."Blockchain innovation is driving fast-growing businesses, and digital asset tokens like XRP serve as powerful incentive mechanisms that help bootstrap decentralized networks and align stakeholder interests," said Roger Bayston, head of digital assets at Franklin Templeton, in a statement. Franklin Templeton follows Grayscale, Canary Capital and REX Shares, which have all now launched XRP ETFs. XRP is the fourth-largest cryptocurrency by market capitalization. It is associated with Ripple Labs and is designed to enable low-cost and fast international money transfers.Franklin Templeton, which has over $1.5 trillion in assets under management, previously debuted other crypto ETFs, including ones tracking Bitcoin and Ethereum."Together, these funds underscore the firm’s commitment to offering secure, transparent, and institutional-grade solutions that help investors navigate the evolving digital asset landscape," the firm said on Monday.Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.