Franklin Templeton launched the Franklin XRP ETF (NYSE:XRPZ), providing investors with regulated exposure to XRP (CRYPTO: XRP), the digital asset driving fast and affordable cross-border payments. The ETF invests in a way that seeks to track, before fees and expenses, the price of XRP, using the CME CF XRP-Dollar Reference Rate (New York Variant).
The launch lands during a bustling stretch for XRP ETFs, with several issuers hitting the market almost at once — and traders piling in.
