Franklin Templeton’s XRP ETF Debuts, XRP Soars Over 8%

Crypto News Market News

Written by Aaron S.,

Editor-In-Chief

Last Updated: November 25, 2025

Key Takeaways

Franklin Templeton launched its XRP ETF, XRPZ, on NYSE Arca, which offers regulated investor access to the XRP token;
XRP jumped 8.25% on launch day as XRPZ saw strong demand with over 768,000 shares traded;
The SEC-approved XRPZ expands Franklin Templeton’s crypto lineup alongside Bitcoin and Ethereum ETFs.

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Franklin Templeton’s XRP ETF Debuts, XRP Soars Over 8%

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A new exchange-traded fund (ETF) linked to XRP XRP $2.11 started trading on NYSE Arca on November 24.

The Franklin Templeton product, known as XRPZ, launched on the same day as Grayscale's XRP Trust ETF (GXRP).

This addition gives investors regulated access to the XRP token through familiar investment tools. Franklin Templeton's fund entered the market ahead of similar products from Bitwise and Canary Capital.

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After launching, XRP's price rose about 8.25%. Trading activity was also strong, with 768,692 shares of Franklin Templeton's XRPZ exchanged on NYSE Arca during the first day.

Franklin Templeton explained that XRPZ gives a regulated way for investors to engage with a central token in global payment transfers. The fund's structure combines traditional finance with the benefits of digital assets.

David Mann, head of ETF product and capital markets at Franklin Templeton, commented:

XRPZ offers investors a convenient and regulated way to access a digital asset that plays a foundational role in global settlement infrastructure, through the transparency and oversight of an ETF.

XRPZ is the latest addition to Franklin Templeton's digital asset group, which joins earlier releases such as its crypto index fund and ETFs tracking Bitcoin BTC $90,684.86 and Ethereum ETH $3,096.22 .

Approval from the Securities and Exchange Commission (SEC) was required before XRPZ began trading on NYSE Arca.

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