Franklin XRP ETF (XRPZ)
ARCA ARCA Primary Summary
XRPZ Chart
XRPZ: Low Sponsor Fee, Significant Asset Base Make It Attractive Among XRP ETFs
Franklin XRP ETF (XRPZ) stands out as the most attractive long-term vehicle for XRP exposure due to its low sponsor fee and substantial AUM. I assign a 'Hold' rating to both XRPZ and XRP-USD, reflecting ongoing risk-off sentiment and recent ~60% drawdown in XRP-USD. XRPZ benefits from regulated custody (Coinbase) and offers cost efficiency, but lacks staking yield unlike Solana or Ethereum ETFs.
Franklin XRP ETF Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
 Brian Landzaat Vista Finance LLC | 11,450 | $227,969.5 | $136,484 | -$91,485.5 | -40.13% |
 Michael Byun SageView Advisory Group LLC | 300 | $5,973 | $3,614.7 | -$2,358.3 | -39.48% |
 Christopher C. Powers Farther Finance Advisors, LLC | 510 | $10,154.1 | $6,048.6 | -$4,105.5 | -40.43% |
 Erik Roemer GERBER, LLC | 12,958 | $189,057 | $153,746.67 | -$35,310.33 | -18.68% |
| WSF Wall Street Financial Group Inc. Wall Street Financial Group, Inc. | 2,397 | $34,972 | $28,464.37 | -$6,507.63 | -18.61% |
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Franklin XRP ETF Profile
| ARCA Exchange | United States Country |
Overview
Franklin XRP ETF is an innovative exchange-traded product that allows investors to gain regulated exposure to XRP, a prominent digital asset tailored for facilitating global payments and settlements. This fund operates under a grantor trust structure, which means it holds XRP directly, aiming to replicate its price movements as indicated by the CME CF XRP-Dollar Reference Rate. With an emphasis on transparency and security, Franklin XRP ETF provides investors with an institutionally managed avenue to access XRP, circumventing the complications associated with holding the tokens directly. The ETF is listed on NYSE Arca, and it relies on Coinbase Custody for the safekeeping of XRP while BNY Mellon oversees its administration. This product is part of Franklin Templeton's wider range of digital asset ETFs, highlighting the increasing interest from institutional investors in blockchain-driven financial solutions. Franklin XRP ETF caters to those seeking exposure to the digital payments landscape and the distinctive advantages of XRP, especially in cross-border transactions.
Products and Services
- Franklin XRP ETF: This exchange-traded fund offers regulated access to XRP, enabling investors to capitalize on the asset's price performance while minimizing the challenges related to direct token investment. The ETF is managed thoughtfully to keep pace with XRP’s market dynamics.
- Grantor Trust Structure: Under this structure, Franklin XRP ETF directly holds XRP, providing investors with a straightforward way to gain exposure to the asset without the need for buying or managing the tokens themselves, thereby simplifying the investment process.
- CME CF XRP-Dollar Reference Rate: This reference rate serves as the benchmark for tracking the price performance of XRP within the fund, ensuring that investors receive transparent and reliable insights into price movements.
- Custodial Services by Coinbase: Coinbase Custody acts as the secure custodian for the XRP held by the ETF, providing an added layer of security and peace of mind for investors regarding the safe storage of their assets.
- Administration by BNY Mellon: BNY Mellon, a stalwart in fund administration, manages the operational aspects of the ETF, ensuring that all processes run smoothly and efficiently, thereby supporting the fund's integrity and performance.
- Institutional Digital Asset Suite: Franklin XRP ETF is part of a broader selection of digital asset ETFs offered by Franklin Templeton, reflecting the company’s commitment to providing investment solutions that resonate with the evolving digital finance landscape.
