Franklin Templeton's $XRP ETF Surpasses 63 Million XRP

Franklin Templeton’s XRP spot ETF has quickly taken the market by storm, amassing nearly 63 million XRP in its first week of trading, according to PANews on December 6. The growth reflects strong investor demand and marks the ETF’s increasingly prominent role in the regulated digital asset space.

Launched on NYSE Arca with Coinbase Custody as custodian, the fund has a market cap of approximately $127.84 million and a NAV of $125.63 million. The number of outstanding shares has increased to 5.7 million, demonstrating strong institutional interest in the XRP spot asset.

The ETF’s growth has attracted significant attention in the market, although industry leaders have not made any official announcements. The fund’s rapid asset accumulation is considered one of the fastest for a newly listed crypto ETF. With XRP currently trading at $2.04 and the regulatory environment improving, this early performance could spur institutional adoption in the coming months.

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