# Franklin XRP Trust - Franklin XRP ETF (XRPZ): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/xrpz for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Franklin Templeton · Asset class: Alternatives - Strategy: Thematic · Inception: 2025-11-24 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 inve... ## Key Facts | Metric | Value | |---|---| | Price | $14.13 | | Expense Ratio | 0.19% | | Assets Under Management | $398.6M | | NAV | $14.13 | | Holdings Count | 2 | | Distribution Yield (TTM) | — | | Annual Distribution (TTM) | — /share | | Distribution Frequency | — | | 52-Week Range | $10.77 – $26.09 | | Beta | 1.09 | ## Frequently Asked Questions ### What does XRPZ invest in? 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. ### What is the expense ratio of XRPZ? Franklin XRP Trust - Franklin XRP ETF (XRPZ) charges an expense ratio of 0.19%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is XRPZ? Franklin XRP Trust - Franklin XRP ETF (XRPZ) manages $398.6M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is XRPZ actively managed or an index fund? XRPZ's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy. ### When was XRPZ launched? Franklin XRP Trust - Franklin XRP ETF (XRPZ) launched in November 2025 and is managed by Franklin Templeton. ### How has XRPZ performed? XRPZ's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon. ### Does XRPZ pay a dividend? Franklin XRP Trust - Franklin XRP ETF (XRPZ) currently distributes little or no income. Trailing-twelve-month yield is —. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does XRPZ pay dividends? Franklin XRP Trust - Franklin XRP ETF pays dividends on its published schedule. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is XRPZ's dividend yield? XRPZ's trailing-twelve-month yield is —, calculated from the sum of dividends over the past year divided by the current price. ### When is XRPZ's next ex-dividend date? XRPZ hasn't announced its next ex-date yet. Once declared it'll appear at the top of the dividend history table on this page. ### How much will XRPZ's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.19% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does XRPZ charge its expense ratio? The expense ratio is deducted in tiny daily slices from XRPZ's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does XRPZ cost more than a fund like VOO? XRPZ's strategy (current expense ratio 0.19%) is different from a broad-market index tracker like VOO, so its fee belongs to a different cohort. The Cost Verdict card above shows you where XRPZ sits within its own category, which is the comparison that actually matters. ### Are there cheaper alternatives to XRPZ? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as XRPZ (0.19%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/xrpz - Distribution history: https://www.dividenddata.com/funds/xrpz/dividend - Holdings & diversification: https://www.dividenddata.com/funds/xrpz/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/xrpz/expenses - Peer comparison: https://www.dividenddata.com/funds/xrpz/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.