There it is. Another bigwig in the finance game, trying to sound like they know crypto. Franklin Templeton-handle $1.6 trillion in assets, which is impressive… until you realize they’re now banking on XRP. Who knew? OF COURSE it’s XRP. Why go for the obvious? They just had to drop a post on X (because X is so hip) to explain their love for XRP and this new ETF called XRPZ. Groundbreaking stuff. Let me guess: institutional confidence? Sure. instant credibility? Whatever they’re selling, it’s half the price on Black Friday.
Franklin “Oh Yeah, XRP” Templeton’s Magical ETF Adventure
Of course, we needed a Spot XRP ETF to legitimize this whole crypto circus. Franklin Templeton, bless their 1947-era socks, launched the Franklin XRP Trust-ticker: XRPZ. It’s like crypto, but with a middleman who charges fees! The ETF is a “grantor trust” (translate: we put your money in a box and call it sophisticated). Custody handled by Coinbase Custody Trust Company, because obviously that’s trustworthy. Administered by BNY Mellon, because they’ve spilled more coffee than you’ve earned on crypto. But hey, it’s “regulated quality” now. Hooray!
Roger Bayston, the guy in charge of digital assets at Franklin Templeton, says the XRP Ledger is “designed for real-time, low-cost settlement.” Groundbreaking? Please. This is crypto. Nothing is ever a game-changer until it’s a scam. And yes, XRP’s market cap is a wild rollercoaster. The poor soul who invested in it two years ago is probably bunking at Starbucks. But hey, now you can buy it in a fund. Cue the tearful reunion clip.
How’s the ETF Doing, You Ask? Let’s Pretend We Care 🤷♂️
XRPZ has pulled in $242 million in inflows. Yikes. That’s like throwing money into the void and calling it a “strategic move.” The fund’s holdings now exceed 100 million XRP-because that’s definitely safe. Meanwhile, Bitcoin and Ethereum ETFs are hemorrhaging cash, which is honestly less confusing. Franklin Templeton’s got $1.6 trillion to manage, and now they’re all in on this. Reminds me of my uncle who put his retirement into Tesla-2010. He’s fine. Really, he is.
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2026-01-01 19:37