Franklin Templeton's XRP ETF Achieves NYSE Arca Listing Approval

Franklin Templeton's XRP ETF Gains Approval

Franklin Templeton has received approval from NYSE Arca to list its XRP ETF, moving closer to its U.S. market debut. The ETF, named the Franklin XRP Trust, will trade under the ticker XRPZ and feature a 0.19% annual sponsor fee based on net asset value. However, Franklin plans to waive this fee for the first $5 billion in assets until May 31, 2026.

Key Takeaways

• NYSE Arca has approved the listing of Franklin Templeton's XRP ETF.
• The ETF will trade under the ticker XRPZ with a 0.19% sponsor fee.

This listing positions Franklin Templeton among other fund managers like Canary Capital and Bitwise Asset Management, who recently launched their spot XRP ETFs. Additionally, Grayscale is preparing to introduce its spot XRP and Dogecoin ETFs following regulatory clearance.

According to CoinGecko, XRP's price exceeded $2 at the time of writing, reflecting a nearly 3% increase in the past 24 hours.