What to Know:
- Franklin Templeton has launched its XRP ETF, providing regulated access to XRP for investors.
- This move signals growing institutional interest in XRP as regulatory clarity improves.
- The ETF structure offers a convenient way for both institutional and retail investors to gain XRP exposure.
Franklin Templeton has entered the XRP arena with its new exchange-traded fund, the Franklin XRP Trust (XRPZ), now trading on NYSE Arca. This launch provides investors with a regulated avenue to gain exposure to the XRP token. The move underscores the increasing acceptance of XRP among traditional financial institutions.
The introduction of XRPZ expands Franklin Templeton’s crypto ETF offerings, which already include Bitcoin and Ether funds. This suite of products allows traditional investors to diversify their portfolios with digital assets without the complexities of direct custody. This is part of a broader trend where established financial players are embracing crypto through regulated investment vehicles.
David Mann of Franklin Templeton emphasized XRP’s potential in global settlement infrastructure. Roger Bayston noted that digital asset tokens like XRP are essential for incentivizing decentralized networks. The ETF structure offers regulated custody and daily transparency, simplifying XRP exposure for a wider range of investors.
The launch of Franklin Templeton’s XRP ETF, along with similar moves by Bitwise and Grayscale, highlights the resurgence of interest in XRP. As regulatory frameworks for digital assets become clearer, institutional adoption is likely to continue. These developments suggest a positive outlook for XRP and the broader crypto market.
Source: Original article
