
XRPZ is designed to provide investors with regulated, convenient exposure to XRP. XRP is a digital asset most often used for fast, low-cost cross-border payments. Listed on NYSE Arca and tracking the CME CF XRP-Dollar Reference Rate (New York Variant), XRPZ is a passively managed grantor trust that directly holds XRP. Assets are primarily stored in secure cold storage, some may be temporarily held by the Prime Broker in a mix of cold and hot wallets for liquidity, with investors entitled to a pro-rata share. The ETF avoids leverage, derivatives, and fork/airdrop assets, simplifying XRP investment, but does not proxy direct ownership. Temporary trading balances may involve extra risks.
Is XRPZ's expense ratio expensive, average, or a steal for its category?
Pro reveals the verdict on a 5-tier spectrum calibrated against ICI 2025 industry averages, with strategy-aware bands so the comparison is meaningful.

The United States spot XRP exchange-traded funds (ETFs) recorded their highest weekly cash inflow in nine months, of more than $100 million during the week of August 2024.

On May 11, the United States spot XRP exchange-traded funds (ETFs) recorded the largest daily cash inflow since January 5, 2026.

XRP (CRYPTO:XRP) has spent the better part of two years working through regulatory uncertainty, and now that the dust has settled, a new question has emerged for mainstream investors around how to actually get exposure.

For years, XRP (CRYPTO: XRP) has existed in a kind of regulatory purgatory as Ripple's long-running legal battle with the SEC cast a shadow over the entire asset, keeping institutional money on the sidelines and leaving retail investors with limited, often inconvenient ways to get exposure.

Franklin XRP ETF (XRPZ) stands out as the most attractive long-term vehicle for XRP exposure due to its low sponsor fee and substantial AUM. I assign a 'Hold' rating to both XRPZ and XRP-USD, reflecting ongoing risk-off sentiment and recent ~60% drawdown in XRP-USD. XRPZ benefits from regulated custody (Coinbase) and offers cost efficiency, but lacks staking yield unlike Solana or Ethereum ETFs.