Franklin XRP ETF Holds 293,112,265.4002 XRP Worth $439,668,398
Key Facts
A quarterly report filed with the U.S. Securities and Exchange Commission showed that the custodian held 293,112,265.4002 XRP on behalf of the Franklin XRP ETF as of September 30, 2026. The holding had a market value of $439,668,398, compared with an investment cost of $501,430,187. The disclosure covers the fund’s assets, not a direct holding by Franklin Templeton. According to the report, the fund also had liabilities of $62,245, bringing its net assets to $439,606,153 at the end of the period. The gap between fair value and investment cost puts the holding’s performance at quarter-end in a different context from the currency’s price gains during the period.
The XRP balance rose from 225,368,820.7314 units on July 1 to 293,112,265.4002 units on September 30, an increase of about 30% for the quarter. The asset activity table shows that the fund issued shares in exchange for XRP and recorded no share redemptions during the period. The fund, meanwhile, sold 108,833.8300 XRP to cover expenses, according to the disclosure. The activity shows that the increase in the currency balance came through the creation of fund shares, with a quantity set aside to cover expenses. On a broader basis, holdings rose from 159,659,740.0158 units on March 31 to the September-end balance, while their fair value increased from $215,061,670 to $439,668,398.
Net asset value per share rose from $11.39 on June 30 to $16.28 on September 30, a 42.93% increase for the quarter. The disclosure attributed the move directly to a 42.95% rise in the price of XRP over the same period. The report said net asset value per share reflects the value of the fund’s assets after liabilities, linking share performance to the price movement of the currency that makes up the fund’s primary asset. The rise in the share value came as the fair value of the holding remained below its investment cost at the end of September. The report therefore gives both the share’s performance during the quarter and the valuation of the holding at period-end.
XRP averaged $1.23 between July 1 and September 30, according to data in the disclosure. It reached a period high of $1.59 on September 22, after falling to $1.00 on August 14. It ended the period at $1.49 on September 30. These levels reflect the wide trading range during the quarter, which the report linked to the increase in net asset value per share. The disclosure warned that the fund holds only XRP and cash, creating concentration risks tied to the currency’s price volatility, and added that its volatility had been severe and could continue.
The fund’s shares trade under the ticker XRPZ, and the fund limits direct share creations and redemptions to eligible financial institutions known as authorized participants. Transactions take place in blocks of 50,000 shares, under the fund’s terms set out in the report. Trading in the shares and the fund’s operations began on November 24, 2025, while the fund generally seeks to reflect the performance of XRP’s price before expenses and liabilities. The sponsor calculates its fee at an annual rate of 0.19% of net asset value. The disclosure noted a full waiver of this fee on the first $5.0 billion in assets from November 24, 2025, through May 31, 2026.