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NYSE Arca has approved the listing of Franklin Templeton’s highly anticipated XRP exchange-traded fund and officially certified the decision to the SEC, signaling that the product is close to launching. The move confirms that the fund has met all necessary exchange standards as it prepares to enter the U.S. crypto-ETF market.
Franklin Templeton’s filing shows the ETF, named the Franklin XRP Trust, will trade under the ticker XRPZ and carry a modest annual sponsor fee of 0.19%. To attract early investors, the sponsor will waive the fee entirely on the first $5 billion in assets until May 31, 2026, marking one of the most aggressive fee-reduction strategies in newly launched crypto ETFs.
The asset manager is set to join a growing wave of firms rolling out regulated XRP investment products. Earlier this month, Canary Capital and Bitwise Asset Management launched their spot XRP ETFs, while Grayscale is preparing to debut both its spot XRP and Dogecoin ETFs tomorrow following its final regulatory approval.
