Franklin Templeton’s new XRP ETF has secured approval to list on a major US exchange, adding momentum to regulated crypto investment products.
Summary
What does NYSE Arca approval mean for Franklin Templeton’s XRP fund?
NYSE Arca has approved the listing of Franklin Templeton’s XRP exchange-traded fund and formally certified the action to the SEC. This step confirms the product has met all exchange requirements and is now nearing its official launch on the venue.
According to the latest disclosure, the vehicle will operate as the Franklin XRP Trust and trade under the ticker XRPZ. Moreover, the trust will carry an annual sponsor fee of 0.19% of net asset value, positioning it competitively against other crypto-linked products in the United States.
The sponsor also plans a temporary incentive for early assets. Specifically, Franklin will waive the 0.19% fee entirely on the initial $5 billion in assets under management through May 31, 2026. That said, after that date, the standard net asset value-based fee structure is expected to apply.
How does the Franklin XRP Trust compare with other XRP ETF?
Franklin will soon join a growing group of managers offering regulated exposure to XRP in the US market. Earlier this month, Canary Capital and Bitwise Asset Management rolled out their spot XRP ETFs, expanding the choices for institutions and retail investors looking for exchange-traded XRP access.
These recent launches underscore how demand for spot XRP ETF products is accelerating. However, fee levels, liquidity, and trading volumes will likely determine which providers gain the largest share of inflows over the coming quarters.
What role is Grayscale playing in the XRP and Dogecoin ETF wave?
Grayscale is also set to expand the field of crypto-linked funds. The firm is scheduled to bring its spot XRP and Dogecoin ETFs to market tomorrow, after securing final regulatory clearance. As a result, the competitive landscape for XRP-linked exchange-traded products will become more crowded.
With Franklin, Canary Capital, Bitwise, and Grayscale all active, investors will be able to compare multiple structures, fee levels, and liquidity profiles. Moreover, the increasing number of products may help deepen institutional participation in XRP-related strategies.
How is XRP reacting on the market?
Market data shows XRP strengthening into the new launches. On Nov. 24, 2025, the token was trading at over $2, up almost 3% in the last 24 hours, according to CoinGecko. However, future price performance will still depend on broader crypto sentiment and macro conditions.
Overall, the approval of Franklin’s XRPZ listing, combined with new spot products from major issuers, marks another step in the maturation of XRP-based investment vehicles on US exchanges.
