Franklin Templeton debuts XRPZ ETF, joining growing crypto fund offerings
Franklin Templeton launched the Franklin XRP ETF (XRPZ) to track the price of XRP, joining other recent crypto fund debuts.Summary
Asset management firm Franklin Templeton has introduced the Franklin XRP ETF, ticker symbol XRPZ, which began trading on NYSE Arca on Monday and aims to reflect the price of XRP. Roger Bayston, head of digital assets at Franklin Templeton, stated that digital asset tokens like XRP serve as crucial incentive mechanisms for fast-growing blockchain businesses. Franklin Templeton now joins Grayscale, Canary Capital, and REX Shares in offering XRP ETFs. XRP, the fourth-largest cryptocurrency by market capitalization, is associated with Ripple Labs and is designed for fast, low-cost international money transfers. This launch is part of Franklin Templeton's broader commitment to providing institutional-grade digital asset solutions, following its previous debuts of Bitcoin and Ethereum tracking ETFs.
(Source：The Block)