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Franklin Templeton Launches Spot XRP ETF, Emphasizes Real-Time Settlements
Franklin Templeton's Strategic Move with XRP
- Franklin Templeton, a major asset management firm with over $1.6 trillion in assets, has made a significant investment into XRP.
- The firm launched the Franklin XRP Trust, trading under the ticker XRPZ on NYSE Arca, allowing regulated exposure to XRP via a Spot ETF.
- Custody and administration are handled by Coinbase Custody Trust Company and BNY Mellon, respectively.
- The decision was influenced by XRP Ledger’s capabilities for real-time, low-cost settlement and cross-border payments.
- Franklin Templeton sees XRP as a crucial part of global value transfer, complementing their existing Bitcoin and Ethereum ETFs.
Performance and Market Reception of XRPZ
- Since its launch in November, XRPZ and other Spot ETFs have seen substantial capital inflows, exceeding $1.16 billion.
- XRPZ alone holds over 100 million XRP, with cumulative inflows reaching approximately $242 million.
- This contrasts with recent outflows observed in Bitcoin and Ethereum ETFs.
