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XRP ETFs from Franklin Templeton, Grayscale debut on NYSE Arca

XRP ETFs from Franklin Templeton, Grayscale debut on NYSE Arca

Cryptobriefing2025/11/24 18:42
By:Cryptobriefing

Key Takeaways

  • Grayscale and Franklin Templeton launched spot XRP ETFs on NYSE Arca, expanding investor access to XRP.
  • Grayscale also introduced the first US Dogecoin Trust ETF alongside zero management fees for initial investors.

Spot XRP exchange-traded funds from Grayscale Investments and Franklin Templeton made their debut on NYSE Arca today after these funds secured listing approval last week.

Grayscale also launched its Dogecoin Trust ETF today, the first US investment vehicle to provide exposure to the meme token.

The Grayscale XRP Trust ETF (GXRP) and Dogecoin Trust ETF (GDOG) charge no management fee for the first three months or for the first $1 billion in assets. After the fund exceeds $1 billion or the waiver period ends on February 24, 2026, the fee will be 0.4%.

“GXRP’s debut on NYSE Arca is another meaningful step in broadening access to the growing XRP ecosystem,” said Krista Lynch, Senior Vice President, ETF Capital Markets at Grayscale. “GXRP is designed to offer efficient tracking and straightforward exposure to XRP for investors.”

“With GDOG’s uplisting on NYSE Arca, we’re expanding investor exposure to a network that’s fast, low-cost, and leveraged by thousands of users every day,” Lynch said. “Dogecoin has evolved from internet culture to real-world utility, and that maturation aligns with our objective to make digital assets more accessible to a greater number of investors.”

The Franklin XRP Trust (XRPZ) carries a 0.2% annual sponsor fee, waived on the first $5 billion in assets until May 2026. This makes it a low-cost regulated option for US investors.

“Blockchain innovation is driving fast-growing businesses, and digital asset tokens like XRP serve as powerful incentive mechanisms that help bootstrap decentralized networks and align stakeholder interests,” said Roger Bayston, Head of Digital Assets at Franklin Templeton. “Within a diversified digital portfolio, we view XRP as a foundational building block.”

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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