On March 11, 2025, Franklin Templeton filed to introduce an ETF designed to track XRP prices, holding actual tokens with Coinbase Custody.

Shares of the ETF will be available on the Cboe BZX Exchange, making XRP investment easier for retail investors while ensuring accurate net asset valuation.

This move follows a ruling classifying XRP as a non-security, reflecting Franklin Templeton’s strategy to expand into cryptocurrency investment.