Franklin Templeton has launched its XRP exchange-traded fund, the Franklin XRP Trust, on NYSE Arca, giving U.S. investors regulated access to the XRP token. The move positions Franklin Templeton alongside other issuers, including Bitwise, Grayscale, and Canary Capital, in providing structured crypto products for institutional and retail investors alike.
Franklin Templeton expands crypto ETF offerings
The asset manager now manages four crypto ETFs covering bitcoin, ether, XRP, and a diversified digital-asset fund. David Mann, Head of ETF Product and Capital Markets at Franklin Templeton, highlighted XRP’s significance, noting that the token plays a “foundational role in global settlement infrastructure.” The Franklin XRP Trust aims to offer investors exposure to XRP in a fully regulated investment vehicle.
Legal resolution paves the way
The ETF launch follows the resolution of the long-running legal dispute between Ripple Labs and the U.S. Securities and Exchange Commission. In late 2020, the SEC filed a lawsuit claiming Ripple Labs had sold XRP as an unregistered security since 2013, leading to delistings from major exchanges and significant market declines. Ripple settled the case in August 2025 by paying a monetary settlement without admitting wrongdoing, clearing the path for regulated XRP products like Franklin Templeton’s ETF.
