🚨 FRANKLIN TEMPLETON FILES FOR XRP ETF ON NYSE 🚨
Franklin Templeton has formally applied to list a spot XRP exchange-traded fund on the New York Stock Exchange under the ticker XLF, becoming the latest asset-management giant to chase regulated exposure to the seventh-largest cryptocurrency. The filing comes just days after Canary Capital’s XRPC began trading and as the SEC faces a 19 May deadline to approve or deny a wave of pending XRP ETF applications.
🔑 Key Points
🔹 NYSE Arca Filing
Franklin Templeton submitted an S-1 registration statement for the “Franklin XRP ETF” with NYSE Arca on 20 November 2025. The fund will custody XRP with a qualified custodian, value shares daily using the CF Benchmarks XRP Index, and charge a fee that has not yet been disclosed.
🔹 Custody & Structure
The filing states the ETF will hold “actual XRP”—not futures or derivatives—using an institutional-grade custodian (unnamed) and will track the spot price minus expenses. Authorized Participants can create/redeem baskets in exchange for XRP, mirroring the structure approved earlier this year for Bitcoin and Ethereum ETFs.
🔹 Market Timing
Franklin joins a crowded field: Canary’s XRPC is already trading, while 21Shares, Bitwise, CoinShares and WisdomTree have active applications. The SEC’s first decision window for the batch ends 19 May 2026, meaning the agency must approve, deny or delay by then.
🔹 Franklin’s Crypto ETF Record
The firm already manages 1.4 B in the Franklin Bitcoin ETF (EZBC) and 650 M in the Franklin Ethereum ETF (EZET), giving it proven infrastructure and regulatory credibility for a third crypto offering.
💡 Why It Matters
🔹 Institutional Stampede
With 1.9 T in AUM, Franklin Templeton adds Wall-Street-tier legitimacy to XRP, signaling that multi-asset giants now view crypto ETFs as core product lines, not one-off experiments.
🔹 Fee War Looming
Franklin under-cut rivals with 0.19 % expense ratios on BTC & ETH ETFs. If it repeats the strategy for XRP, pressure will mount on Grayscale’s 2.5 % fee and Canary’s 0.90 %, accelerating cost compression across the sector.
🔹 Regulatory Momentum
A third consecutive approval cycle (BTC → ETH → XRP) would cement the SEC’s “spot-crypto ETF template”, making Solana, Litecoin and other alt-coin ETFs almost inevitable and unlocking a multi-trillion-dollar wrapper for digital assets.
🔹 XRP Price Catalyst
Franklin’s filing keeps regulatory optimism alive; combined inflows from multiple ETFs could absorb a meaningful share of XRP’s circulating supply, re-testing the 3.31 resistance level flagged by technical analysts.
Franklin Templeton’s entry turns the XRP ETF race into a Big-Asset-Manager derby; if approved, XLF would give investors low-cost, NYSE-listed exposure to XRP and further erode the line between crypto-native and traditional finance.
https://cointelegraph.com/news/franklin-templeton-xrp-etf-nyse