 ▲ XRP (XRP), ETF/ChatGPT-generated image |
Global asset management firm Franklin Templeton has disclosed detailed information about its XRP spot ETF, demonstrating the rapid adoption of digital assets by institutional investors.
According to The Crypto Basic on February 18 (local time), a quarterly report submitted to the U.S. Securities and Exchange Commission (SEC) revealed that Franklin Templeton Digital Assets’ XRP spot ETF, ticker XRPZ, secured a substantial volume of holdings from the early stages of its operation. The fund officially commenced operations on November 24, 2025, and as of December 31, 2025, held 118,387,154 XRP. At the time, the fair market value of the holdings amounted to approximately $216.37 million.
The report stated that as of the end of 2025, the fund’s total purchase cost stood at around $244.8 million, with 10.9 million shares outstanding. The net asset value (NAV) per share was recorded at $19.85. Composed entirely of XRP, the product offers a pure investment structure that allows investors to gain exposure to XRP without the need to directly purchase or store the asset. XRPZ is currently listed on NYSE Arca, trading alongside other major digital asset investment products such as Bitcoin (BTC) and Ethereum (ETH).
Despite recent market volatility, the fund’s assets have continued to trend upward. According to the latest data on Franklin Templeton’s official website as of February 17, 2026, the fund’s total net assets increased to $243.6 million. However, amid broader price corrections in the digital asset market, the NAV per share declined to $16.08, with a year-to-date return of negative 18.54%. This reflects the sharp drop in XRP’s price from $2.577 at the time of the fund’s launch in November 2025 to $1.11 in February 2026, representing a decline of approximately 57%. XRP is currently trading at around $1.48, below its launch price but recovered from its recent low.
Institutional interest in XRP is not limited to Franklin Templeton. Over the past four months, major asset managers including Bitwise, Canary Capital, Grayscale, and 21Shares have aggressively accumulated XRP through regulated structures. To date, total inflows into all XRP spot ETF products have reached approximately $1.23 billion, with a combined total of $1.06 billion in assets under management. As institutional capital flows into the cryptocurrency market through regulated channels at an accelerating pace, XRP’s market position appears to be strengthening further.
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