Franklin XRP ETF - Market Price Return (%)
Month End
As of 11/30/2025
Alternatives Indexed
XRPZ Franklin XRP ETF
- Simplified access. Convenient and cost-effective, lowering the barrier of entry into the crypto market.
- Credible oversight. Offered by Franklin Templeton, a trusted partner to clients for 75 years, custodied by Coinbase and registered under the Securities Act of 1933.
- Emerging opportunity. Exposure to an emerging asset class still early in its adoption cycle, with the potential for attractive returns for risk-tolerant investors willing to embrace volatility.
Popular Documents
Overview
Fund Facts
Fund description
XRPZ seeks to reflect generally the performance of the price of XRP before payment of the fund's expenses.
- Benchmark
- CME CF XRP-Dollar Reference Rate - New York Variant
- Fund Inception Date
- 11/24/2025
- Listing Exchange
- Nyse Arca
Identifiers
- Ticker
- XRPZ
- IOPV / IIV Ticker
5 - XRPZ.IV
- CUSIP Code
- 355233107
- ISIN Code
- US3552331072
- Bloomberg Code
- XRPZ US
Average Annual Total Returns As of 11/30/2025
- —1 Year
- —3 Years
- —5 Years
- —10 Years
- -3.78%Since Inception
11/24/2025
Performance data quoted represents past performance, which does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the figures shown.
Additional Fund Info
- Morningstar Category
6 - Digital Assets
- XRP in Fund
As of 12/09/2025 (Updated Daily) - 78200689.00
- XRP per Basket
As of 12/09/2025 (Updated Daily) - 543060.34
- Fiscal Year End
- March 31
- Custodian
- Coinbase Custody Trust Company, LLC
- Marketing Agent
- Franklin Distributors, LLC
Trading Characteristics
- Shares Outstanding
- 7,200,000
- Daily Volume
- 411,622
- 20-Day Average Volume
- N/A
Manager and Commentary
About the Team
Franklin Templeton Digital Assets
Franklin Templeton Digital Assets has been at the forefront of the digital asset revolution since 2018. Our dedicated and independent team is deeply immersed in cutting-edge research and highly engaged in supporting blockchain networks and platform development. We focus on creating innovative, investable products to help client portfolios tap into the evolving digital asset ecosystem.
Franklin ETF and Index Investments
Performance
Average Annual Total Returns
As of 11/30/2025
Selected Month November 2025
Franklin XRP ETF - NAV Return (%)
Month End
As of 11/30/2025
CME CF XRP-Dollar Reference Rate - New York Variant (%)
Month End
As of 11/30/2025
Portfolio
Assets
As of11/30/2025 (Updated Monthly)
- Total Net Assets
- $74.73 Million
Holdings
As of 12/09/2025 (Updated Daily)
XRP
Net Current Assets
Pricing
Pricing History
As of 12/09/2025 (Updated Daily)
Daily Fund Prices
As of 12/09/2025
Share Prices
As of 12/09/2025
52-Week Range
- Highest NAV
As of 11/24/2025 - $24.55
- Lowest NAV
As of 12/01/2025 - $21.85
- Highest Market Price
As of 11/24/2025 - $24.61
- Lowest Market Price
As of 12/01/2025 - $21.89
Premium / Discount
As of 12/09/2025
- 30-Day Median Bid/Ask Spread
- 0.14%
- Bid / Ask Spread
- $0.03
- Avg. of Market Price vs. NAV since Inception
- 0.24%
- Avg. of Market Price vs. NAV at Close
7 - -0.04%
Documents
Regulatory Documents
| Name | Download | Add to Cart | |
|---|---|---|---|
| Prospectus - Franklin XRP ETF |
Risks
This is not a direct investment in XRP, but rather, an exchange-traded product that invests in XRP.
All investments involve risks, including possible loss of principal. Before you invest, for more complete information about the Fund and this offering, you should carefully read the Fund's prospectus.
The Fund is not an investment company registered under the Investment Company Act of 1940 (1940 Act), and therefore is not subject to the same regulatory requirements as mutual funds or ETFs registered under the 1940 Act. The Fund is not a commodity pool for purposes of the Commodity Exchange Act (CEA) and accordingly is not subject to the regulatory protections afforded by the CEA.
The Fund holds only XRP and cash and is not suitable for all investors. The Fund is not a diversified investment and, therefore, is expected to be more volatile than other investments, such as an investment in a more broadly diversified portfolio. An investment in the Fund is not intended as a complete investment plan.
An investment in the Fund is subject to market risk with respect to the digital asset markets. The trading price of the XRP held by the Fund may go up and down, sometimes rapidly or unpredictably. The value of the Fund’s Shares relates directly to the value of XRP, which has been in the past, and may continue to be, highly volatile and subject to fluctuations due to a number of factors. Extreme volatility in the future, including substantial, sustained or rapid declines in the trading prices of XRP, could have a material adverse effect on the value of the Shares and the Shares could lose all or substantially all of their value.
Competitive pressures may negatively affect the ability of the Fund to garner substantial assets and achieve commercial success.
Digital assets represent a new and rapidly evolving industry, and the value of the Fund’s Shares depends on the acceptance of XRP. Due to the relative unregulated nature and lack of transparency surrounding the operations of digital asset exchanges, which may experience fraud, manipulation, security failures or operational problems, as well as the wider XRP market, the value of XRP and, consequently, the value of the Shares may be adversely affected, causing losses to Shareholders.
Digital asset markets in the U.S. exist in a state of regulatory uncertainty, and adverse legislative or regulatory developments could significantly harm the value of XRP or the Shares, such as by banning, restricting or imposing onerous conditions or prohibitions on the use of XRP, validation activity, digital wallets, the provision of services related to trading and custodying XRP, the operation of the XRP Ledger, or the digital asset markets generally.
The Index price used to calculate the value of the Fund’s XRP has a limited performance history and may be volatile, adversely affecting the value of the Shares. Moreover, the Index Administrator could experience system failures or errors. Errors in the Index data, computations and/or construction may occur from time to time and may not be identified and/or corrected for a period of time or at all, which may have an adverse impact on the Fund and the Shareholders. A temporary or permanent “fork” in the XRP Ledger could adversely affect the value of the Shares. The Fund does not have the ability or intention to hold any asset (including any crypto asset) other than XRP and cash. Shareholders may not receive the benefits of any forks or “airdrops.” Forks or airdrops may result in extraordinary expenses borne by the Fund.
The Fund is a passive investment vehicle and is not actively managed, meaning it does not manage its portfolio to sell XRP at times when its price is high, or acquire XRP at low prices in the expectation of future price increases. Also, the Fund does not use any hedging techniques to attempt to reduce the risks of losses resulting from XRP price decreases. The Fund is not a leveraged product and does not utilize leverage, derivatives or similar instruments or transactions. The Fund's Shares are not interests or obligations of the Fund's Sponsor or its affiliates, and are not insured by the Federal Deposit Insurance Corporation or any other governmental agency.
The amount of XRP represented by each Share will decrease over the life of the Fund due to the sales of XRP necessary to pay the Sponsor’s Fee and other Fund expenses. Without increases in the price of XRP sufficient to compensate for that decrease, the price of the Shares will also decline and you will lose money on your investment in Shares.
Security threats to the Fund’s account at the XRP Custodian or Prime Broker could result in the halting of Fund operations and a loss of Fund assets or damage to the reputation of the Fund, each of which could result in a reduction in the value of the Shares.
If the process of creation and redemption of Creation Units encounters any unanticipated difficulties, the possibility for arbitrage transactions by Authorized Participants intended to keep the price of the Shares closely linked to the price of XRP may not exist and, as a result, the price of the Shares may fall or otherwise diverge from NAV.
Important Information
Franklin Distributors, LLC. Member FINRA, SIPC. All entities mentioned are Franklin Templeton affiliated companies. Investment Products: NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE.
Reports and other information about the funds are available on the EDGAR Database on the SEC's Internet site at www.sec.gov.
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Important data provider notices and terms available at www.franklintempletondatasources.com.
Performance data quoted represents past performance, which does not guarantee future results.
CFA® and Chartered Financial Analyst® are trademarks owned by CFA Institute.
Indexes are unmanaged and one cannot invest directly in an index. They do not reflect any fees, expenses or sales charges.
The Shares are neither interests in nor obligations of the Sponsor, the Transfer Agent, the Custodians, the Marketing Agent or their respective affiliates.
All investments involve risk, including possible loss of principal. Please see each product's web page for specific details regarding investment objective, risks, performance, and other important information. Review this information carefully before you make any investment decision. Investors cannot invest directly in an index, and unmanaged index returns do not reflect any fees, expenses or sales charges.
Carefully consider a fund’s investment objectives, risks, charges and expenses before investing. Please view the prospectus or summary prospectus for this and other information. Read it carefully.
Franklin Templeton, its affiliated companies, and its employees are not in the business of providing tax or legal advice to taxpayers. These materials and any tax-related statements are not intended or written to be used, and cannot be used or relied upon, by any such taxpayer for the purpose of avoiding tax penalties or complying with any applicable tax laws or regulations. Tax-related statements, if any, may have been written in connection with the “promotion or marketing” of the transaction(s) or matter(s) addressed by these materials, to the extent allowed by applicable law. Any such taxpayer should seek advice based on the taxpayer’s particular circumstances from an independent tax advisor.
Franklin Holdings, LLC is the Fund's Sponsor (the "Sponsor"). The Fund is a series of Franklin XRP Trust (the "Trust"). The Trust is a Delaware statutory trust that was formed on February 28, 2025. Shares of the Fund are not obligations of, and are not guaranteed by, the Sponsor or any of its subsidiaries or affiliates. BNY Mellon Asset Servicing, a division of The Bank of New York Mellon, or "BNYM," is the Administrator (the "Administrator") and Transfer Agent (the "Transfer Agent") of the Fund. BNYM also serves as the custodian of the Fund's cash, if any. Coinbase serves as the Custodian (the "Custodian") of the Fund’s XRP. Delaware Trust Company, a subsidiary of the Corporation Services Company, is the sole trustee of the Trust (the "Trustee"). Franklin Distributors, LLC, an affiliate of the Sponsor, is the Fund's marketing agent (the "Marketing Agent").
The Fund has filed a registration statement (including a prospectus) with the Securities and Exchange Commission (“SEC”) for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the Fund has filed with the SEC, when available, for more complete information about the Fund and this offering. You may obtain these documents for free by visiting EDGAR on the SEC website at sec.gov or by visiting franklintempleton.com.
ETPs trade like stocks, fluctuate in market value and may trade at prices above or below the ETF's net asset value. Brokerage commissions and ETP expenses will reduce returns. ETP shares may be bought or sold throughout the day at their market price, not their Net Asset Value (NAV), on the exchange on which they are listed. Shares of ETPs are tradable on secondary markets and may trade either at a premium or a discount to their NAV on the secondary market.
Franklin Distributors, LLC serves as the distributor of Creation Units for the ETFs on an agency basis. Franklin Distributors, LLC does not maintain a secondary market in the funds' shares.
The CME CF XRP-Dollar Reference Rate - New York Variant (XRPUSD_NY) is a once a day benchmark index price for XRP that aggregates trade data from multiple XRP-USD markets operated by major cryptocurrency exchanges that conform to CF Benchmarks rigorous regulatory requirements.
Source: CF Benchmarks Ltd. CF BENCHMARKS LTD LICENSOR PRODUCT(S) IS USED UNDER LICENSE AS A SOURCE OF INFORMATION. CF BENCHMARKS LTD, ITS LICENSORS AND AGENTS HAVE NO OTHER CONNECTION TO THE FUND OR THE SPONSOR AND DO NOT SPONSOR, ENDORSE, RECOMMEND OR PROMOTE ANY PRODUCTS OR SERVICES INCLUDING AS DESCRIBED HEREIN. CF BENCHMARKS ITS LICENSORS AND AGENTS HAVE NO OBLIGATION OR LIABILITY IN CONNECTION WITH THE OFFERING AND SALE OF THE FUND. CF BENCHMARKS ITS LICENSORS AND AGENTS DO NOT GUARANTEE THE ACCURACY AND/OR THE COMPLETENESS OF ANY INDEX LICENSED TO THE FUND OR THE SPONSOR AND SHALL NOT HAVE ANY LIABILITY FOR ANY ERRORS, OMISSIONS, OR INTERRUPTIONS THEREIN.