Franklin Templeton's XRP spot ETF, XRPZ, launched today.
TL;DR
Franklin Templeton launched the XRPZ spot ETF on the NYSE Arca, offering a regulated way to invest in XRP. This expands their crypto product line, joining other issuers like Bitwise and Grayscale.
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According to ChainCatcher, Franklin Templeton launched the Franklin XRP Trust (XRPZ) on Monday on the New York Stock Exchange's Arca platform, providing investors with a regulated channel to invest in XRP tokens.
This move places one of Wall Street's oldest financial institutions among the expanding ranks of XRP fund issuers, an area already including Bitwise, Grayscale Investments, and Canary Capital. This offering expands Franklin Templeton's crypto product line. The firm currently manages ETFs linked to Bitcoin, Ethereum, and XRP, as well as its diversified digital asset fund, allowing traditional investors to access a wider range of crypto assets without the need for self-custody.