XRP ETF Frenzy: Franklin Templeton Jumps on the Crypto Carousel 🎢

Markets

Well, I say, old bean, it appears that Franklin Templeton has decided to chuck its hat into the XRP ring, launching the Franklin XRP Trust (XRPZ) on NYSE Arca, what? Giving the chaps and chapesses a spot of regulated access to the XRP token, no less. Jolly good show, what? This puts one of Wall Street’s most venerable institutions smack-dab in the middle of the XRP fund hullabaloo, alongside the likes of Bitwise, Grayscale, and Canary Capital. Top hole!

This little venture, I must say, expands Franklin’s crypto lineup rather splendidly. They’re now juggling ETFs tied to bitcoin (EZBC), ether (EZET), XRP (XRPZ), and their diversified digital asset fund (EZPZ). Quite the spread, eh? Allows the old guard to dip their toes into the crypto pool without the bother of self-custody. Rather spiffing, if you ask me. 🧐

David Mann, the chap in charge of ETF Product and Capital Markets at Franklin Templeton, chimed in on Monday, declaring that XRP plays a “foundational role in global settlement infrastructure.” Bold words, Mann, bold words. One can’t help but wonder if he’s been sipping the crypto Kool-Aid. 🍹

Now, let’s not forget the spot of bother XRP had a few years back. Five years ago, the poor token was delisted left, right, and center after the SEC decided to give Ripple a proper grilling in late 2020. Accused them of selling XRP as an unregistered security since 2013, they did. But, lo and behold, the matter was settled in August 2025, with Ripple coughing up $125 million without so much as a “mea culpa.” Quite the turnaround, eh? 🤑

Since then, XRP has been on a bit of a rebound, particularly as the regulators have started to lay down some ground rules for digital assets. Franklin Templeton’s ETF is just the latest in a string of institutional types dipping their toes into the crypto waters via regulated investment vehicles. Can’t say I blame them; it’s all rather exciting, what? 🚀

Roger Bayston, the head of digital assets at Franklin Templeton, had this to say: “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.” Quite the mouthful, Bayston, but I suppose it all boils down to XRP being a “foundational building block” in their diversified digital portfolio. XRPZ, he adds, offers regulated custody, daily transparency, and liquidity without the fuss of holding the token directly. Rather handy, I must say. 📈

The ETF structure, you see, allows both institutional and retail investors to get a bit of XRP action through their brokerage accounts, with daily pricing and SEC oversight. Grayscale’s XRP ETF also made its debut on Monday, so it’s quite the week for XRP enthusiasts. 🎉

Not to be outdone, Bitwise launched its XRP ETF last week and raked in a cool $118,000,000 in inflows, according to their CEO, Hunter Horsley. Not too shabby, eh? Looks like the crypto carousel is spinning faster than ever. Hold on to your hats, chaps! 🎡

2025-11-24 20:46

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