- Franklin expands its crypto index ETF with new tokens and widens investor exposure through broader benchmark tracking.
- XRP attracts strong market interest as multiple asset managers launch new ETF products in the United States.
- Rising ETF inflows highlight growing demand for diversified crypto funds as investors watch XRP performance closely.
The Franklin Crypto Index ETF will add XRP, Solana, Dogecoin, Cardano, Stellar, and Chainlink to its portfolio. The update follows a recent filing that outlined the fund’s revised structure. The ETF previously held only Bitcoin and Ethereum. The additions aim to give investors wider exposure as demand for diversified crypto baskets increases.
The change comes after the Cboe exchange adopted new rules. The SEC approved these rules earlier this year. The rules allow crypto-linked funds to hold more tokens when those assets appear in their underlying benchmarks. As a result, the ETF can now match the index more closely. This structure also ensures that holdings remain aligned with the index provider’s calculations.
New Rules Shape Quarterly Adjustments
The ETF will continue to adjust its holdings every three months. The schedule remains in place to reflect market movements and index changes. The new approach offers more flexibility as more tokens enter major benchmarks.
The update also allows authorized participants to create or redeem ETF units using actual securities rather than cash. This process may increase efficiency across trading operations and improve liquidity for market participants.
The expansion announcement arrived less than one day after Franklin Templeton introduced its spot XRP product. The Franklin XRP Trust now trades under the ticker XRPZ. The vehicle applies a sponsor fee of 0.19 percent of net asset value. The launch marks a notable step for the firm as competition rises among issuers focused on XRP-linked instruments.
XRP Gains Momentum After Multiple ETF Launches
XRP has seen a clear reaction across the market. The token climbed more than 7% and reached $2.24. The move follows a cluster of ETF launches from major asset managers. Franklin Templeton and Grayscale both released spot XRP ETFs on the same day. This activity adds to the growing list of approved XRP funds in the United States. Bitwise and Canary Capital also operate XRP investment products, which have attracted strong early inflows.
Grayscale launched its GXRP fund yesterday. The fund appeared a week after Bitwise introduced its own product. GXRP recorded $25 million in trading volume on its first day. Inflows reached $118 million by the end of its first full week. Canary Capital was the earliest entrant. Its XRP fund raised more than $250 million on its opening day. More firms are now preparing launches as interest in XRP-linked vehicles grows.
