Franklin Templeton XRP ETF (XRPZ) USD Price

The Franklin XRP ETF (ticker: XRPZ) is a spot exchange-traded product listed on NYSE Arca that offers regulated exposure to XRP through a grantor trust structure. The fund holds XRP directly and seeks to reflect, before fees and expenses, the performance of XRP as measured by the CME CF XRP-Dollar Reference Rate (New York Variant). 

XRPZ is sponsored by Franklin Holdings, LLC, an affiliate of Franklin Templeton. Coinbase Custody Trust Company, LLC safekeeps the fund’s XRP, while the Bank of New York Mellon serves as cash custodian, administrator and transfer agent. Because the product is not a 1940-Act ETF or a commodity pool, it operates under a bespoke trust framework similar to other U.S. spot crypto ETPs. 

The sponsor’s fee is set at 0.19% per year, calculated on the fund’s net asset value, but Franklin has committed to waiving that fee entirely on the first $5 billion of assets through May 31, 2026—effectively giving XRPZ a 0% expense ratio over that period. After the waiver horizon or above the $5B cap, the standard 0.19% fee applies. 

XRPZ joins Franklin Templeton’s broader digital-asset lineup, which already includes spot bitcoin and ether funds (EZBC, EZET) and the Franklin Crypto Index ETF (EZPZ). By targeting XRP—a token positioned around low-cost, real-time cross-border payments on the XRP Ledger—the ETF gives traditional investors another way to access the evolving payments-focused side of the crypto market via standard brokerage accounts.