XRP Jumps 9% as Franklin Templeton and Grayscale Launch Spot ETFs

XRP experienced a more than 9% jump, reaching $2.27, following the Monday launch of spot XRP Exchange-Traded Funds (ETFs) by major asset managers Franklin Templeton and Grayscale. Franklin Templeton debuted the Franklin XRP ETF (XRPZ) on NYSE Arca, emphasizing XRP's role in global settlement infrastructure, while Grayscale launched its XRP Trust ETF (GXRP) with an introductory zero-fee period. This wave of institutional product launches is attributed to the regulatory clarity achieved after Ripple's settlement with the SEC in May 2025, which removed years of uncertainty and encouraged Wall Street entry. The article highlights XRP's technical advantages, such as the XRP Ledger's (XRPL) near-instant, low-fee transactions, making it attractive as a payment utility alternative to systems like SWIFT. Furthermore, speculation exists regarding XRP's potential role in new cross-border payment corridors involving BRICS nations and Asian fintechs, although direct adoption in China is constrained by policy.

(Source：BeInCrypto)