Franklin Templeton gets the green light to list the XRP fund on the New York Stock Exchange
The exchange-traded fund “Franklin Templeton” (XRP) has received approval for its listing on the New York Stock Exchange, after the New York Stock Exchange “Arca” approved the listing and sent its official approval to the U.S. Securities and Exchange Commission.
This represents a final step bringing the fund closer to actual launch.
According to the company's latest disclosures, the “Franklin XRP Trust” will be listed under the name “XRPZ”, with an annual management fee of 0.19% of net asset value, with these fees completely waived on the initial assets of $5 billion until May 31, 2026.
With this move, “Franklin” is preparing to join a group of asset managers who recently launched instant investment products linked to the XRP currency in the U.S. market, including “Canary Capital” and “Bitwise”.
“Grayscale” is also preparing to launch its instant funds for both XRP and Doge after receiving final approvals.
XRP is trading above $2 at the time of publishing this article, stable with a decline of less than 1% over the past 24 hours, according to “CoinGecko”.
