Franklin Templeton, the $1.5 trillion digital asset manager, is getting close to debuting their XRP ETF. The exchange-traded fund (ETF) pitch was just approved by the New York Stock Exchange’s (NYSE) Arca, formally certifying the legal action to the United States Securities and Exchange Commission (SEC).
Franklin Gets The Nod, XRP’s Price Braces For Impact
The Franklin XRP Trust will go live under the ticker XRPZ with a sponsorship fee of 0.19%, currently the lowest in the market. Out of the three Ripple coin’s Spot price-tracking ETFs currently in action, Franklin Templeton’s is positioned to garner the most inflows due to the massive $1.5 trillion in assets under management (AUM).
Grayscale, another financial behemoth with $60 billion under its belt, is also debuting their own XRP ETF later today. Canary Capital was the first one to launch a Ripple-based ETF, pulling in together $730K inflows on the previous trading day along with Bitwise’s ETF.
Sponsored
Nevertheless, the news of Franklin Templeton’s ETF approval sent XRP’s price up 7%, raising expectations of a new leader in the altcoin ETF game. With the SEC’s approval for XRP ETF being the last step before debut, market observers are peeling their eyes on $2.50 as the next XRP price target if the OG altcoin sustains above the $2.20 support reclaimed on Monday.
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NYSE Arca has fully approved the listing of Franklin Templeton’s spot XRP ETF, the Franklin XRP Trust (ticker: XRPZ), under the Exchange Act of 1934. This clears the final regulatory step, paving the way for trading to start as early as today, November 24, 2025.
Debut is set for the following business days on NYSE Arca—right alongside Grayscale’s XRP ETF launch. It’ll track XRP’s spot price via the CME CF XRP-Dollar Reference Rate, with shares created in 50,000-share baskets for efficient liquidity.
It carries a super-low 0.19% annual sponsor fee on net asset value—cheaper than competitors like Canary’s 0.50% XRP ETF. Plus, Franklin is waiving the full fee on the first $5 billion in assets until May 31, 2026, to lure early inflows from their $1.6 trillion in managed assets.
It joins a hot lineup: Canary Capital’s XRPC (launched mid-Nov with ~$250M AUM), Bitwise’s XRPI, Grayscale’s GXRP (also debuting today), and more from 21Shares and others. This wave gives investors options on fees, liquidity, and structures, potentially deepening XRP’s institutional appeal.
Yes—XRP’s price is up 7% in the last 24 hours to over $2.00, per CoinGecko data, amid the ETF buzz. Broader market sentiment is mixed with recent dips, but analysts see potential for $500M–$1B in first-week inflows to Franklin alone, which could spark more upside if volume holds.
