The inaugural quarterly report for the Franklin Templeton exchange-traded fund (ETF) associated with $XRP, trading under the ticker XRPZ, has provided valuable insights into the rapid influx of institutional investors into the $XRP market. Launched in late November 2025, this fund has already amassed a substantial portfolio of $XRP valued at several hundred million dollars, indicating a significant transition from retail-focused trading to greater institutional involvement.
The ETF commenced operations on November 24, 2025, and is listed on NYSE Arca. This listing provides conventional investors an accessible method to gain exposure to $XRP without needing to directly purchase or manage the digital asset themselves. By December’s end in 2025, according to its quarterly report, the fund had accumulated over 118.3 million $XRP, which was estimated at around $216 million.
Swift accumulation of assets post-launch
The data reveals that within just weeks following its launch, the fund experienced rapid growth. Initial seed investments and large-scale creation unit purchases significantly boosted holdings quickly, resulting in total net assets exceeding $216 million by year-end.
At the conclusion of this reporting period, there were approximately 10.9 million shares outstanding for the ETF—demonstrating robust early engagement from authorized institutional investors who generate ETF shares by contributing either cash or $XRP.
Despite recording an unrealized loss nearing $28.6 million during this quarter—primarily attributed to short-term fluctuations in price rather than operational challenges—the ETF is structured to passively track movements in value alongside that of $XRP. Thus its valuation naturally fluctuates with changes in that underlying asset.
Aiming for simplified investment in $XRP
This ETF functions as a passive investment vehicle designed to replicate price performance before expenses related thereto are considered. Investors are not required to handle private keys or maintain wallets and exchange accounts; instead they can gain exposure through traditional stock markets while custody over their holdings is managed by established institutional digital asset custodians—with daily net asset values calculated based on recognized benchmark pricing.
This framework seeks not only institutional funds but also retirement accounts and those who favor regulated securities markets as opposed to direct cryptocurrency exchanges.
Narrative surrounding institutional adoption strengthens further
The swift accumulation of more than 118 million units of $ XPR within mere weeks after launch indicates growing interest among institutions for investment products linked with it . As additional asset managers roll out regulated crypto vehicles , ETFs like XRPZ may play pivotal roles bringing larger capital inflows into ecosystem .
With traditional finance entities now providing regulatory access towards digital assets , early success observed through Franklin Templeton’s offering suggests we might already be witnessing dawn new era regarding investing practices involving XPR .