Key Highlights
- Franklin Templeton’s XRP ETF XRPZ launches today, waiving fees on first $5B in assets until May 2026.
- Analyst Chad Steingraber predicts first-day trading of 15–50M XRP, around $30M in value.
- Grayscale, Bitwise, and Canary Capital also launch XRP ETFs, signaling rising U.S. institutional interest.
Franklin Templeton’s new XRP exchange-traded fund (ETF) officially goes live today under the ticker XRPZ on NYSE Arca. The launch comes after the exchange received regulatory clearance, allowing the asset manager to offer U.S. investors direct exposure to XRP through a traditional brokerage vehicle.
The fund, called the Franklin XRP Trust and trading under the ticker XRPZ, will charge an annual sponsor fee of 0.19% of its net asset value. Though Franklin Templeton has waived fees on the first $5 billion of assets through May 31, 2026, an incentive designed to attract early institutional and retail adoption.
Experts predict that the ETF could see substantial activity on its first day. Crypto analyst Chad Steingraber suggested that trading could reach the equivalent of 15 to 50 million XRP, roughly $30 million in value. He noted that the initial trading will likely come from net inflows as financial advisors gradually start recommending the fund to clients.
Growing Interest in XRP ETFs
Franklin Templeton joins other fund managers bringing regulated XRP investment products to the U.S. market.
Earlier this month, Canary Capital officially launched the first U.S. spot XRP ETF, XRPC, marking a shift from speculation to reality as momentum built with updates from Bitwise and 21Shares.
Around the same time, Bitwise Asset Management debuted its XRP spot ETF on the NYSE, offering investors direct exposure to the cryptocurrency with a 0.34% management fee, waived for the first month on the initial $500 million in assets.
Today, Grayscale officially launched its Dogecoin (GDOG) and XRP (GXRP) ETFs on the New York Stock Exchange following final approval from NYSE Arca last week.
The launches follow the SEC’s review of six XRP ETF applications, a key step in testing whether altcoins can follow the approval path set by Bitcoin and Ethereum ETFs.
Several applications, including 21Shares, CoinShares, and WisdomTree, are still being reviewed. Rulings are expected to influence the future of altcoin ETFs in the U.S.
XRP price performance
XRP has gained some momentum lately, breaking above $2 and increasing nearly 3% in the last 24 hours. Many analysts are hopeful about the token’s future growth. Meanwhile, new developments, such as potential staking on the XRP Ledger, show that the ecosystem is still evolving and innovating.
The launch of Franklin Templeton’s ETF is the latest sign that investors from more traditional markets are slowly becoming more interested in crypto. This provides wider access to XRP as the market gradually recovers.
Also Read: Bitwise Solana Staking ETF BSOL Hits $500M in 18 Days
