The fund will provide investors with exposure to the price movements of XRP.
Franklin Templeton, a US investment management company, has launched the Franklin XRP ETF (XRPZ) aimed at providing investors with exposure to the price movements of XRP. The fund is structured as a grantor trust that holds XRP XRP is a digital asset created by Ripple Labs, a San Francisco-based technology company, with utility in facilitating cross-currency settlement. XRPZ will seek to reflect the performance of XRP as measured by the Chicago Mercantile Exchange (CME) CF XRP-Dollar Refere