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Franklin Templeton’s XRP ETF Approved for NYSE Listing

Franklin Templeton’s XRP ETF Approved for NYSE Listing

Franklin Templeton’s XRP ETF now discloses holdings of over 32 million XRP under Coinbase Custody, reinforcing transparency in regulated U.S. crypto investment products.

XRP

Summary

Franklin Templeton confirmed its XRP spot ETF held 32,040,560.08 XRP, valued at $62.94 million as of November 25, with custody provided by Coinbase Custody. The ETF has 2,650,000 shares outstanding. This disclosure comes shortly after the launch of the Franklin XRP Trust on NYSE Arca, offering regulated U.S. investor access to XRP following Ripple’s SEC settlement. The listing expands the availability of XRP investment vehicles alongside Grayscale’s GXRP and Franklin’s XRPZ ETFs, which together posted strong initial inflows.

Terms & Concepts
  • XRP ETF: An exchange-traded fund designed to track the price of XRP, a digital asset associated with the Ripple payment network.
  • NYSE Arca: An electronic securities exchange in the United States, primarily trading ETFs, equities, and other financial instruments.
  • Coinbase Custody: A custodial service by Coinbase providing secure storage solutions for institutional investors holding cryptocurrencies.