Franklin Templeton’s XRP ETF Breaks 100M Tokens, Marking a Major Institutional Milestone

Franklin Templeton’s XRP spot ETF has reported holdings of more than 101.55 million XRP, valued at about US$192.7 million (AU$294 million). It is the first time the ETF has crossed the 100 million XRP threshold.

The product is designed to give investors exposure to XRP through an exchange-traded fund, without holding the token directly. Crossing the 100 million mark suggests the fund has continued to add XRP as demand for listed crypto products grows.

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XRP ETFs Smashing Records

The increase comes as large asset managers expand deeper into crypto ETFs and related products. The material provided links the interest in XRP to its use in cross-border payments and Ripple’s partnerships with financial institutions, alongside expectations of clearer rules for XRP in several markets.

For XRP, a larger ETF footprint can make access simpler for traditional investors who prefer regulated wrappers. It can also raise the asset’s profile inside portfolios that would not buy or custody tokens directly.

XRP ETFs have seen more favourable results than BTC and ETH ETFs in recent months, accruing over a 1 billion dollars in assets with consistent net inflows since their launch in mid-November. Ripple Labs’ CEO, Brad Garlinghouse, celebrated that milestone on X.

In similar news, SBI Ripple Asia partnered with Doppler Finance to offer yield XRP-based products to expand real-world asset tokenisation on the XRP Ledger.

XRP is currently trading at US$1.86 (AU$2.77), a 3.2% decrease in the last seven days, as per data from CoinGecko. 

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