$1.6 Trillion Asset Manager Goes Deep in XRP, Shares Reason for Leaving
A major player in the global financial institution has made its position on XRP clear, placing the cryptocurrency in the middle of nowhere its digital asset strategy. Franklin Templeton, a $1.6 billion asset management firm, used a recent post on social media X to explain why it is diving deeper into XRP as a commodity, while also drawing attention to its Spot trading product, XRPZ. This interesting comment is part of a growing institutional confidence XRP and XRP Ledger.
Franklin Templeton’s Strategic Entry With Spot XRP ETF
Franklin Templeton’s arrival in the XRP ETF space is one of the most significant token recommendations from a legacy financial institution. The company launched the Franklin XRP Trust, trading under the ticker XRPZ on the NYSE Arca in late November, offering investors controlled exposure to digital assets without the operational complexity of holding the token directly.
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This fund was created as a donor trust that holds XRP and calculates the value of its total assets daily based on established reference rates, with custody provided by Coinbase Custody Trust Company and managed by BNY Mellon.
Recent comments from key fund managers reveal that the decision to launch the Spot XRP ETF is due to their strong belief in XRP and the XRP Ledger. Roger Bayston, Head of Digital Assets at Franklin Templeton, highlighted A feature designed by XRP Ledger real-time, low-cost payments and efficient cross-border payments.
In addition, he noted that the altcoin market capitalization and contribution to global value transfer make it an important component worthy of controlled exposure for investors with a broad portfolio. The company’s extensive digital assets already include Bitcoin and Ethereum ETFs, and XRP was the latest to join this year.
Franklin Templeton traces its roots back to 1947 and has built a multi-billion dollar reputation for equity, fixed income, and multi-asset investments in markets around the world. Its move to crypto ETFs, which now include exposure to Bitcoin, Ethereum, and XRP, is part of many established asset managers. now he actively participates in the crypto industry.
Performance and Market Acceptance of XRPZ Since Launch
Several issuers get approval for Spot XRP ETF in 2025, which makes it possible institutions and everyday investors to gain exposure to cryptocurrencies in regulated ways. Since their debut in November, Spot ETFs, including XRPZ, have attracted meaningful cash flows.
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In total, these productions pulled in more than $1.16 billion, maintaining consecutive days with no revenue. in contrast to the later days of the middle out Bitcoin and Ethereum ETFs. Franklin Templeton’s XRPZ itself has grown its holdings to over 100 million XRP, with inflows of around $242 million at the time of writing.
The featured image was created with Dall.E, a chart from Tradingview.com
