Franklin's spot XRP ETF XRPZ launches today

ChainCatcher reported that Franklin Templeton launched the XRP Exchange-Traded Fund—Franklin XRP Trust (XRPZ)—on the New York Stock Exchange Arca platform on Monday, providing investors with a regulated investment channel for XRP tokens.

This move brings one of Wall Street's oldest financial institutions into the growing ranks of XRP fund issuers, a field that already includes Bitwise, Grayscale Investments, and Canary Capital. The launch expands Franklin Templeton's lineup of crypto products. The company currently manages ETFs linked to bitcoin, ethereum, and XRP, as well as its diversified digital asset fund, allowing traditional investors to access a broader range of crypto assets without the need for self-custody.