Latest SEC Docs Show Franklin Templeton Holds Over 118M XRP

Franklin Templeton Digital Assets has revealed new details about its XRP exchange-traded fund, highlighting the scale of its exposure to the fourth-largest cryptocurrency.

In a recent update, the firm noted that its XRP ETF, trading under the ticker XRPZ, offers investors exposure to XRP without directly purchasing or self-custodying the asset.

Key Points

• Franklin Templeton holds 118M XRP in its new ETF, showing strong institutional crypto exposure.

• The XRP ETF, ticker XRPZ, lets investors access XRP without self-custodying the asset.

• NAV fell to $16.08 with YTD returns at -18.54%, reflecting market volatility since launch.

• Combined with other ETFs, XRP products now hold $1.06B in assets, showing growing adoption.

118 Million XRP on the Books

According to the fund’s first quarterly report filed with the U.S. Securities and Exchange Commission, the trust officially commenced operations on November 24, 2025. As of December 31, 2025, the filing shows holdings of 118,387,154 XRP, with a fair value of approximately $216.37 million. Other details include:

• Cost Basis: Around $244.8 million
• Shares Outstanding: 10.9 million
• Net Asset Value (NAV) per Share: $19.85

Notably, the document confirms that 100% of the fund’s net assets were allocated to XRP at year-end, signaling a pure-play structure focused solely on the digital asset.

The ETF is listed on NYSE Arca alongside other major crypto investment products, such as Bitcoin and Ethereum, and is available to U.S. investors.

Website Data Shows Growing Assets

Meanwhile, more recent data from Franklin Templeton’s website indicates that the fund’s total net assets have grown to $243.60 million as of February 17, 2026.

As of the same date, NAV has dipped to $16.08, with a year-to-date return (at NAV) of -18.54%. Since its inception (Nov. 24, 2025), Franklin’s XRP ETF has seen a -23.20% decline in returns.

The performance figures reflect volatility in the crypto market since the ETF’s launch. XRP’s price fell by 57%, from $2.577 in November 2025 to as low as $1.11 in February. At press time, XRP trades at $1.48, still significantly below the value at launch.

This declining price has influenced investor sentiment around the XRP ETF. As noted by the firm, past performance does not guarantee future results, and share prices may fluctuate above or below initial investment levels. This suggests that future prices could be either more promising or more challenging, depending on market conditions.

Institutional XRP Exposure Expands

Nonetheless, the scale of the holdings—over 118 million XRP within weeks of launch—highlights accelerating institutional access to the asset through regulated structures.

Other ETFs that have accumulated significant XRP over the past four months include Bitwise, Canary Capital, Grayscale, and 21Shares. Together with Franklin, XRP ETFs have seen $1.23 billion in inflows, with $1.06 billion in total assets.