- Franklin Templeton’s XRP ETF now holds over 101 million XRP
- The fund’s holdings are valued at approximately $192.7 million
- This marks a significant institutional move into XRP
Franklin Templeton has officially crossed a significant threshold with its XRP Spot ETF, now holding over 101.55 million XRP, valued at approximately $192.7 million. This is the first time the ETF has exceeded the 100 million XRP mark, a key milestone that signals growing institutional confidence in the digital asset.
Launched to offer traditional investors exposure to XRP without directly owning it, the ETF has steadily gained traction. Its latest jump in holdings reflects both increasing interest and broader optimism surrounding the utility and legal clarity of XRP.
A Strong Signal of Institutional Confidence
Franklin Templeton is among the leading financial firms making aggressive moves into the crypto ETF space. By surpassing the 100 million XRP threshold, the fund showcases a solid commitment to XRP as a long-term investment asset. This could influence other institutions to follow suit, potentially driving further demand and price appreciation.
The ETF’s growth aligns with recent developments in the XRP ecosystem, including its expanding use in cross-border payments and Ripple’s ongoing partnerships with global financial institutions. With regulatory clarity in sight for XRP in several jurisdictions, such institutional investment may only continue to rise.
What This Means for the XRP Market
This move by Franklin Templeton may lead to increased legitimacy and visibility for XRP among traditional investors. As large-scale investors begin to gain exposure through regulated financial products like ETFs, the broader perception of XRP as a speculative asset may shift toward one of utility and long-term value.
For retail investors, the ETF’s rising holdings might signal a good time to pay closer attention to XRP, especially as more funds start tracking and investing in the token.
