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>>Franklin Templeton, the Wall Street heavyweight, unveils its outlook on altcoin ETFs, signaling the upcoming wave of ETF offerings.

Franklin Templeton, the Wall Street heavyweight, unveils its outlook on altcoin ETFs, signaling the upcoming wave of ETF offerings.

crypthub

about 3 hours ago

Launch of Franklin XRP ETF

Franklin Templeton, managing $1.7 trillion, introduced its XRP exchange‑traded fund on NYSE Arca under the ticker XRPZ. The product, named “Franklin XRP Trust,” provides regulated market exposure to XRP. This addition places the firm alongside Bitwise, Grayscale, and Canary Capital as XRP ETF issuers. It follows the firm’s earlier Bitcoin and Ethereum ETFs.

Strategic Outlook on Crypto ETFs

Roger Bayston, President of Franklin Templeton Digital Assets, indicated that diversified, basket‑style ETFs will soon outpace single‑asset funds. He noted strong market enthusiasm for single‑altcoin ETFs but expects the next wave to focus on multi‑crypto portfolios. Bayston emphasized the company’s intent to expand beyond isolated products and deliver broader cryptocurrency exposure.

Initial Performance and Future Plans

The spot XRP ETF recorded a net inflow of $60 million on its debut day, reflecting robust investor interest. Franklin Templeton is developing new ETF models that bundle various crypto assets for clients. The firm aims to offer diversified crypto portfolios rather than standalone altcoin funds.