XRP News Today: SEC's Green Light Drives Franklin's Diversified Crypto ETF Expansion

Franklin Templeton's Franklin Crypto Index ETF (EZPZ) is broadening its digital-asset holdings to include XRP, Solana (SOL), Dogecoin (DOGE), and other cryptocurrencies starting Dec. 1, 2025, reflecting growing demand for diversified crypto exposure. The fund, previously focused on Bitcoin and Ethereum, will now track the CF Institutional Digital Asset Index – US–Settlement Price, which will be rebalanced quarterly to reflect the weighted composition of its expanded basket according to recent reports. This move follows new rules from Cboe BZX Exchange Inc. under the SEC's Generic Listing Standards, allowing the ETF to hold additional index constituents.

The expansion aligns with a surge in regulated crypto products, as Franklin Templeton launched the Franklin XRP ETF (XRPZ) on NYSE Arca, structured as a grantor trust holding XRP directly. The fund, managed by the asset manager's Digital Assets division, offers daily transparency and custody through Coinbase, with BNY Mellon handling administrative duties. Roger Bayston, head of Digital Assets, called XRP a "foundational building block" in a diversified digital portfolio.

The XRPZ ETF joins a wave of recent altcoin-focused launches, including Grayscale's XRP and Dogecoin ETFs which debuted on Nov. 24. Grayscale's GXRP and GDOG ETFs, like Franklin's XRPZ, provide spot exposure to their underlying assets and carry fee waivers for initial inflows. The timing of these launches coincided with a 2.3% rally in XRP to $2.11, as investors anticipated increased institutional demand.

Franklin's expanded multi-asset ETF also includes Cardano (ADA), Stellar Lumens (XLM), and Chainlink (LINK), with weights mirroring their index representation. The fund's in-kind creation and redemption mechanism aims to enhance liquidity, a structural shift that could reduce transaction costs for authorized participants. Meanwhile, the SEC's softer stance on crypto - evidenced by recent approvals - has accelerated product innovation, with over 40 crypto-related ETFs now available in the U.S.

Market participants are monitoring how these funds perform against Bitcoin- and Ethereum-dominant counterparts. While broader crypto baskets may reduce concentration risk, they also introduce volatility from less-established assets. XRP, for instance, remains in a technical "descending triangle" pattern, with key support at $1.90 and resistance near $2.19, according to recent analysis.

Franklin Resources, parent company of Franklin Templeton, manages $1.617 trillion in assets and has faced slowing revenue growth and mixed analyst sentiment. However, its foray into crypto aligns with a strategic push into digital assets and AI platforms, targeting $25 billion to $30 billion in private market fundraising by 2026.

As the crypto-ETF landscape matures, competition intensifies. Bitwise, Canary Capital, and REX Shares have also launched altcoin products, while Grayscale and Franklin Templeton prepare to roll out Dogecoin ETFs in the coming weeks. The sector's growth hinges on regulatory clarity, liquidity, and investor confidence in diversified digital strategies.