Franklin Templeton has filed for an exchange-traded fund (ETF) tracking the spot price of XRP, highlighting the growing interest of asset managers in digital assets beyond Bitcoin. The filing, submitted on Tuesday, is part of a broader trend of increasing cryptocurrency ETF applications, fueled by expectations of a more favorable stance from the U.S. Securities and Exchange Commission under President Donald Trump’s administration.
This move follows Franklin Templeton’s recent filing for a Solana-based ETF last month and Grayscale Investments’ launch of a Dogecoin fund in January.
XRP, developed by U.S. crypto firm Ripple, is the world’s fourth-largest cryptocurrency, with a market capitalization of approximately $124 billion, according to CoinGecko. The token has surged more than threefold over the past year and is among the digital assets Trump has proposed for inclusion in a new strategic reserve.
Franklin Templeton’s XRP ETF is set to be listed on the Cboe BZX Exchange, with Coinbase designated as the custodian for the fund’s XRP holdings.
