Franklin Templeton Debuts XRPZ ETF, Signaling a Major Shift for XRP and Institutional Crypto

Franklin Templeton has officially launched its spot XRP exchange-traded fund, the XRPZ, marking a watershed moment for the tokenized asset ecosystem. The debut of this ETF puts XRP in the spotlight as institutional capital flows begin to align with altcoins beyond Bitcoin and Ethereum.

With the backing of a $1.5 trillion asset manager, the XRPZ ETF offers regulated exposure to XRP via familiar equity channels, dramatically reducing operational, custody and regulatory friction for large allocators. It is a major validation of XRP’s role in what is evolving from retail crypto trading to long-term institutional infrastructure.

 

What the XRPZ ETF Involves

The IRA filings, S-1 amendments and DTCC listings confirm that Franklin Templeton is serious about launching the ETF under the ticker XRPZ. Among the structural details:

• The fund is designed to hold XRP tokens as its primary asset, tracking the spot price of XRP rather than derivatives exposure.

• Franklin used a shortened “8(a)” clause in its amended S-1 filing, enabling automatic effectiveness after 20 days unless the U.S. Securities and Exchange Commission intervenes, mirroring strategies used for altcoin ETFs earlier in the year.

• The fund appeared on the Depository Trust & Clearing Corporation (DTCC) database ahead of trading, an early signal that the operational infrastructure (fund registration, clearing, custody) is in place.

• The ETF carries a low management fee (notably 0.19 %) and in some reports the sponsor fee is waived for the first USD 5 billion in assets under management, enhancing appeal for large institutions.

• Analysts estimate that XRP spot ETFs, including XRPZ, could attract billions of dollars in inflows over the coming months, materially altering supply-demand dynamics for XRP.

The significance lies in the nature of the issuer. Franklin Templeton is a deeply established financier, trusted by pension funds, retirement plans and advisory networks. Its entry into XRP means the asset is now accessible through mainstream legacy finance rather than purely crypto-native channels.

 

Institutional Implications: Opening the Floodgates for XRP

1. Institutional On-Ramp

Large financial advisory firms, traditional asset managers and pension portfolios previously avoided exposure to altcoins due to custody, regulatory and operational challenges. With XRPZ, they can gain XRP exposure through a familiar wrapper, potentially unlocking large amounts of capital.

2. Shift in Narrative

XRP has long been viewed as a remittance or settlement token rather than a broad investment asset. The ETF elevates XRP into the asset allocation conversation. The narrative now becomes about yield, infrastructure, tokenized finance and institutional adoption.

3. Supply Pressure Relief

Spot ETFs create demand that pulls tokens off open markets and into long-term holders. As XRP becomes part of ETF-held assets, fewer tokens circulate, tightening supply. At the same time, inflows from new investors broaden the holder base beyond short-term traders.

4. Regulatory Maturation

The fact that prime asset managers are being approved to list spot XRP ETFs signals institutional-grade regulatory comfort with what was once considered controversial. This legitimacy is critical for large scale adoption and asset allocation.

 

Market & Price Impact: What to Watch

While the broader crypto market remains volatile, the launch of the XRPZ ETF offers several catalysts for XRP’s next phase:

• Analysts suggest that first-day volumes for XRP ETFs could approach or exceed $200 million, rivaling other major altcoin ETF launches earlier in 2025.

• XRP price behavior may respond to the ETF wave rather than purely market sentiment. Analysts now forecast higher endpoints for XRP, ranging USD 3.50 to USD 4.50 or more, if institutional flows continue.

• Supply metrics such as tokens on exchanges, large-wallet accumulation and daily active holders will become increasingly relevant. Any sustained reduction in exchange reserves supports upward pressure.

• The token unlock schedule for XRP and the ETF’s holdings will influence whether the move becomes a sustained trend or a short-term spike.

• ETF adoption is likely to materialize gradually, peppered through advisory firm allocations, retirement plan inclusions and wealth-management flows rather than a single instant tsunami.

 

Key Considerations and Possible Risks

Even with the positive outlook, several factors remain uncertain:

• Regulatory risk persists. Although the filing uses “automatic-effect” language, the ETF still depends on the SEC not blocking the listing within the timeframe.

• Market timing. If broader crypto sentiment remains weak, the ETF launch may be delayed, muted or overshadowed by macro factors.

• Supply-side pressure. If a large number of XRP tokens come off lock-ups or distributions coincide with the launch, price impact may be dampened.

• Competition. Other digital asset products and ETFs are launching across altcoins. XRP must deliver utility, not just access, to maintain momentum.

• Implementation risk. Even with an ETF wrapper, custody, audit, tracking and infrastructure must work faultlessly to satisfy institutional standards.

 

Why XRPZ Could Mark a Turning Point

Franklin Templeton has chosen a moment where regulatory, market and institutional conditions align. The ETF is not merely a product, it is a signal that crypto infrastructure is entering the mainstream. XRP’s upgrade from speculative token to a major asset allocation tool is underway.

For investors evaluating crypto beyond Bitcoin and Ethereum, XRP offers a new frontier. Its lineage in settlement, its emerging ETF access, and the institutional backing now assembling make it uniquely positioned. Provided adoption continues, the tailwinds may significantly favor XRP in 2026.

The debut of the XRPZ ETF by Franklin Templeton represents a milestone in the evolution of digital assets. It paves the way for institutional capital to flow into XRP via conventional investment vehicles and sets a precedent for other altcoins. The long-term outlook for XRP may now shift from speculative volatility toward infrastructure-driven growth.

 

If institutions commit, supply tightens and adoption accelerates, XRP could quietly become one of the most important digital assets in the next phase of blockchain evolution. Its moment has arrived—and the system is ready to scale.

 

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Cardano Foundation Confirms ADA ETF Effort as Institutional Momentum Builds

Cardano is no longer in the “ETF someday” category. At Cardano Summit 2025 in Berlin, Cardano Foundation CEO Frederik Gregaard publicly stated that the organization is actively working on a United States based ADA exchange traded fund. He described the initiative as a strategic priority aimed at expanding regulated access to Cardano’s multibillion dollar ecosystem and accelerating institutional participation.

This shift marks one of the clearest signals yet that a Cardano ETF is moving from speculation into an organized, deliberate effort.

 

Cardano Foundation confirms it is developing an ADA ETF

At the summit, Gregaard explained that the Foundation is pursuing a United States listed ETF that would give investors direct regulated exposure to ADA. He emphasized that the initiative aligns with the Foundation’s long term strategy of expanding adoption, strengthening Cardano’s financial infrastructure, and positioning ADA as a legitimate allocation within traditional markets.

Additional background from the Foundation in recent months shows:

• The Cardano Foundation has scaled substantially, growing from roughly 30 staff to more than 100 in the past few years, and maturing its operational structure and compliance efforts.

• The organization has been coordinating with exchanges, specialized ETF issuers, and service providers in preparation for eventual product listings.

• Technical upgrades focused on scalability, security, and interoperability are being prioritized to meet the expectations of regulated financial products.

Gregaard described the ETF as something that supports multiple strategic objectives at once. It expands institutional access, introduces a familiar investment wrapper for traditional market participants, and reinforces Cardano’s positioning as a public blockchain infrastructure network rather than a purely speculative asset.

 

How this aligns with the current ETF landscape for Cardano

Although the Foundation’s involvement is new, Cardano’s ETF journey has already been building for over a year and the environment around it has shifted dramatically.

1. A spot Cardano ETF filing is already in the system

Earlier this year, a major United States asset manager filed for a spot Cardano ETF. The proposed product would hold ADA directly in cold storage, offering regulated exposure through brokerage accounts without requiring users to interact with exchanges or self custody wallets.

2. The decision window was delayed, not rejected

Regulators extended the review period for the ADA ETF filing and pushed the decision deadline further into 2025. These delays are normal in the ETF approval process. They do not imply rejection, but they confirm that the application remains active.

3. Cardano already has regulated ETPs outside the U.S.

European markets have listed Cardano based exchange traded products for years. Some are pure ADA trackers and others are diversified digital asset baskets that include ADA. These products demonstrate that ADA has already been packaged successfully into regulated investment structures in major jurisdictions.

4. The United States ETF environment is far more open in 2025

Several developments have made altcoin ETFs significantly more achievable:

• Exchanges now have generic listing standards for commodity style crypto ETFs. This streamlines the process for non Bitcoin products.

• Multiple spot ETFs for Solana, Litecoin, Hedera, and other altcoins have already launched successfully.

• A digital large cap ETF that includes Cardano has been approved, confirming that ADA exposure already meets regulatory comfort levels in multi asset funds.

Many market analysts now place the probability of an ADA ETF approval in the high double digits. They cite Cardano’s long lifespan, consistent top ten market cap, and increasing classification as a “mature blockchain ecosystem.”

 

Why a Cardano ETF would matter

Mainstream portfolio access

A spot Cardano ETF would allow investors to buy ADA exposure from conventional brokerage platforms, retirement accounts, and institutional mandates that require regulated instruments.

This would create several important effects:

• Lower barriers for financial advisors and institutions that want crypto exposure but cannot interact with direct tokens.

• Clearer regulatory boundaries, since ETF issuers must comply with formal custody, disclosure, and compliance frameworks.

• New liquidity sources from large capital pools that are currently sidelined.

For Cardano, this would represent a major reputational milestone. It would place ADA alongside Bitcoin and Ethereum in the category of assets viewed by institutions as suitable for a broad investment audience.

Reinforcing Cardano’s identity as infrastructure

The ETF effort complements the Foundation’s broader goal of defining Cardano as public infrastructure.

The network has emphasized scientific peer review, predictable upgrades, staking sustainability, and structured governance. Cardano also promotes real world adoption through enterprise pilot programs, digital identity initiatives, and global development partnerships. These traits align well with the risk frameworks used by institutional allocators.

An ETF would act as long term validation of Cardano’s technical and governance roadmap.

 

What an ADA ETF might look like

Based on existing filings and European products, there are several likely structures.

Pure spot ADA ETF

A simple product that holds ADA directly, with pricing tied to spot markets. This is the most likely first approval.

Index based ETF

A multi asset fund where ADA represents a percentage of the portfolio. These are already live in Europe and are gaining traction in the United States.

Staking aware ETF

A future category could attempt to reflect staking yield through derivatives or structural adjustments. This would require more regulatory clarity.

The Cardano Foundation would not issue the ETF itself, but it would provide technical support, network documentation, and ecosystem coordination while a professional asset manager handles regulatory filings.

 

Remaining uncertainties

Even with strong momentum, several factors can influence the final outcome:

• Regulators can still deny or indefinitely delay a spot ADA ETF.

• Political changes or shifts in regulatory priorities may slow down altcoin product approvals.

• Market reactions are not guaranteed. ETF launches do not always lead to immediate price appreciation, especially during wider market downturns.

Investors must remember that ETF exposure carries ADA’s market volatility and ecosystem risks, even when held through a brokerage account.

 

Final thoughts

The confirmation from Cardano Foundation CEO Frederik Gregaard that a United States ADA ETF is actively being developed is a major milestone for the ecosystem. Combined with existing ETF filings, the evolving regulatory landscape, and multiple successful altcoin ETF approvals, the pathway to a Cardano ETF is clearer than ever.

 

For the first time, an ADA ETF is not merely a wish from the community. It is an active strategic initiative with real institutional traction behind it. If approved, it will open the door to a wider class of investors, strengthen Cardano’s position in the regulated financial world, and reinforce its role as a durable blockchain infrastructure platform.

 

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Bitcoin Drops Below 95,000 Dollars as Spot ETFs Log Second-Largest Outflows Ever

 

Bitcoin’s slide below 95,000 dollars comes at the same moment U.S. spot Bitcoin ETFs are seeing their second-largest weekly outflows on record, creating a powerful combination of macro pressure, profit-taking, and structural selling.

This is what is actually happening across markets.

 

Bitcoin breaks below 95,000 dollars as risk appetite evaporates

Bitcoin has been drifting lower for weeks, but the latest leg down reflects broader stress across global risk markets.

• BTC recently hit a six-month low, trading near 95,800 dollars, down roughly 24 percent from its all-time high above 126,000 dollars earlier in the fall.

• A sharp selloff in major tech stocks has spilled into crypto. Falling prices in high-beta names like Tesla and Nvidia dragged the Nasdaq lower, and Bitcoin is moving in correlation.

• On several trading venues, Bitcoin briefly dipped under the 95,000 dollar level, shaken by fading expectations for a near-term Federal Reserve rate cut.

Macro sentiment is driving it. The Fed has signaled caution, and higher yields make cash and bonds more attractive relative to volatile assets like crypto. Risk capital is stepping back accordingly.

 

Spot Bitcoin ETFs suffer second-largest outflows since launch

At the same time Bitcoin’s price is weakening, spot Bitcoin ETFs are hemorrhaging capital.

Recent ETF flow data shows:

• About 1.23 billion dollars in net outflows over a single week, marking the second-largest weekly outflow since spot Bitcoin ETFs launched in early 2024.

• This reversal comes immediately after a massive 2.7 billion dollar inflow the previous week, showing how rapidly sentiment flipped.

Other analytics platforms confirm the scale:

• More than 2 billion dollars has exited spot Bitcoin ETFs over a similar seven-day stretch.

• These outflows were led by major products, including the largest U.S. Bitcoin ETFs.

Put simply, the same ETF vehicles that fueled Bitcoin’s run above 120,000 dollars are now feeding selling pressure.

 

Why ETF investors are selling

1. Profit taking after a euphoric rally

Bitcoin surged to record highs earlier in the fall. Much of that momentum was driven by strong ETF inflows and speculative leverage. When the rally stalled, ETF holders began locking in gains.

In the past month, sustained inflows flipped into a multi-day streak of heavy outflows totaling more than 2 billion dollars.

2. Macro risk-off environment

The ETF redemptions are unfolding during a broader derisking period.

• Tech stocks are sliding.

• Investors are reducing exposure to volatility.

• Falling expectations for Federal Reserve rate cuts are punishing non-yielding assets.

When institutions derisk, ETFs offer an easy way to trim exposure quickly and in size.

3. Long-term holders are selling, too

On-chain estimates show that long-term BTC holders sold roughly 815,000 BTC over the last month. That is the largest 30-day selling wave by long-term holders in close to a year.

When long-term holders sell while ETFs see redemptions, structural and tactical selling pressures align.

 

Are ETF outflows causing the price drop?

ETF outflows and price declines are interconnected, but not in a simple cause-and-effect way.

• When ETFs see inflows, issuers buy Bitcoin on the open market.

• When ETFs see redemptions, they release or sell Bitcoin, which can weigh on price.

But flows also respond to price, rather than only drive it.

During recent drawdowns, Bitcoin began falling before the biggest ETF outflow prints hit. Markets weakened first, flows followed, and the selling then reinforced the downturn.

 

The bigger picture is not entirely bearish

Despite the heavy redemptions, ETF-held Bitcoin remains historically large.

• U.S. spot Bitcoin ETFs still hold well over 130 billion dollars in assets even after the latest outflows.

• These ETFs still control a significant percentage of the circulating BTC supply.

This means institutions have not abandoned Bitcoin. They are rebalancing, not exiting.

 

What traders and investors should take away

Short-term traders

Expect higher volatility.
Key levels like 95,000, 90,000 and 85,000 dollars will become focal points for liquidations, panic selling, and sharp reversals.

ETF flow data will continue to be a powerful short-term signal. Large outflows can become self-reinforcing sell triggers.

Long-term investors

This environment looks more like a mid-cycle reset than the end of the trend.

• ETF holdings remain massive.

• Institutional allocators are still active.

• Periods of heavy outflow historically set up longer-term opportunities for patient buyers.

 

What to watch next

1. Daily spot ETF flows
   Look for stabilization or the return of small net inflows. Historically, that has coincided with market bottoms.

2. Federal Reserve tone
   Rate expectations continue to drive risk appetite.

3. On-chain behavior
   Whether long-term holders continue selling or begin accumulating again will play a crucial role.

4. Equity market sentiment
   As long as Bitcoin behaves like a high-beta tech asset, weakness in equities will spill into crypto.

 

Final thoughts

Bitcoin’s break below 95,000 dollars paired with the second-largest weekly outflow ever recorded in spot Bitcoin ETFs shows that the market is finally cooling after an overheated rally. ETF redemptions and long-term holder selling are contributing to the pressure, but they are unfolding within a broader global derisking trend.

The ETF era has not failed. If anything, this volatility highlights how deeply Bitcoin has become integrated into mainstream portfolios, where selling flows can move quickly in response to macro signals.

 

For traders, this phase demands discipline. For long-term believers, it is a reminder that institutional adoption does not eliminate corrections. It simply changes their shape and scale.

 

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You can stay up to date on all News, Events, and Marketing of Rare Network, including Rare Evo: America’s Premier Blockchain Conference, happening  July 28th-31st, 2026 at The ARIA Resort & Casino, by following our socials on X, LinkedIn, and YouTube.