Franklin Templeton’s XRP ETF Holds 118M+ Tokens, Controls $243.6M in Assets
Franklin Templeton disclosed in its Form 10‑Q that its Franklin XRP ETF (XRPZ) held over 118 million XRP as of end-2025. The fund manages $243.60 million in net assets and charges a 0.19% fee, positioning it as the low‑cost option among major XRP ETFs. Franklin Templeton — a traditional asset manager with about $1.6 trillion AUM — has been actively exploring crypto initiatives including node operation and tokenized money market funds on Polygon and Stellar. Across the five major XRP ETF issuers, total net assets stand at roughly $1.06 billion, representing about 1.17% of XRP’s market cap. Market inflows have recently stagnated, with daily net inflow flat at $0.00 amid healthy trading volumes. Canary Capital (XRPC) leads ETF assets at $283.33 million, followed by Bitwise at $272.84 million; Franklin ranks third. Key takeaways for traders: Franklin’s large XRP holding and low fee could affect ETF competition and liquidity dynamics; stagnant inflows suggest short-term flow-driven price sensitivity despite continuing trading activity.
Neutral
The news is neutral overall. Positive elements include Franklin Templeton’s sizable XRP holding (118M+ tokens) and its low 0.19% fee, which may increase competition among XRP ETFs and attract cost‑sensitive institutional investors over time—bullish for longer-term ETF demand and liquidity. However, current ETF market data show stagnant net inflows (daily net inflow flat at $0.00) and the sector holds only ~1.17% of XRP’s market cap, limiting immediate price impact. Short term, stagnant flows increase sensitivity to trading activity and news, raising volatility risk rather than clear directional pressure. Historically, large ETF accumulation can support price discovery and reduce sell-side pressure, but meaningful bullish effects typically follow sustained inflows. Therefore, expect limited immediate price movement from this filing, with potential medium‑term bullish implications if inflows resume and Franklin leverages its low fee to capture market share.