Franklin Templeton has elevated XRP’s position in global finance by introducing the Franklin XRP ETF (XRPZ), underscoring its view that the asset plays a foundational role in cross-border payments. The launch arrived on Monday and immediately drew substantial inflows, signaling strong investor appetite for regulated exposure to the cryptocurrency.
XRP Gains Institutional Ground
The firm, which manages more than $1.7 trillion in assets, described XRP as a core instrument for rapid, low-cost international settlement. Franklin Templeton executives said blockchain technology continues to reshape financial infrastructure, and XRP stands out for its track record in utility, liquidity, and transparency.
Specifically, David Mann, who oversees ETF product development, described XRP as increasingly relevant to global settlement frameworks. He argued that market participants seeking efficient cross-currency payment solutions may find XRP compelling, particularly through a regulated exchange-traded structure.
The XRP Ledger (XRPL), introduced in 2012, has become a fixture in payment and remittance channels. Its architecture enables high-speed processing, low transaction costs, and minimal energy usage. Because major banks, fintech platforms, and payment networks already utilize XRPL for settlement workflows, interest in XRP-based investment vehicles continues to grow.
Franklin Templeton Records First-Day Momentum
XRPZ operates as a grantor trust and holds actual XRP, with daily NAV determined through the CME CF reference rate. Coinbase provides custody for the XRP, while Bank of New York Mellon serves as administrator and cash custodian. The product now aligns with Franklin’s expanding digital asset suite, which includes EZBC, EZET, and EZPZ.
Meanwhile, investors responded firmly to the debut. XRPZ attracted $62.59 million on launch day, placing it among the strongest digital-asset ETF openings of the year. Other issuers reported sharp inflows as well. Grayscale’s GXRP pulled in $67.36 million, while Bitwise and Canary Capital added $17.71 million and $16.38 million. Altogether, XRP-related ETFs recorded $164 million on Monday, lifting total assets under management to $628.62 million.
Bitwise separately reported roughly $118 million in inflows after launching its own XRP ETF last week, highlighting broader institutional rotation into XRP-linked products. Notably, market activity reinforced the trend. XRP traded around $2.24 at the time of writing, up 9.05% in the past 24 hours, driven by rising volumes and growing demand for structured exposure.
Evans Kelvin
The CoinRemark Team
