- Franklin expands its crypto index ETF to include six major altcoins.
- New rules approved by the SEC allow broader tracking of assets within crypto funds.
- Demand for XRP rises as several U.S. spot XRP products launch.
Franklin Templeton is broadening the scope of its flagship digital asset fund, marking one of the most significant shifts to date in how traditional finance engages with the cryptocurrency market.
The firm is moving beyond its long-standing focus on Bitcoin (BTC) and Ethereum (ETH), opening the fund to a wider selection of leading altcoins.
Franklin Crypto Index ETF adds more coins
According to a filing submitted on November 24, the Franklin Crypto Index ETF will begin tracking XRP, Solana (SOL), Dogecoin (DOGE), Cardano (ADA), Stellar (XLM) and Chainlink (LINK) starting December 1, 2025, making it a broader representation of the market.
Notably, recently approved rules on exchanges such as Cboe played a key role in enabling this expansion.
For the first time, issuers can include any cryptocurrency listed in their benchmark indices rather than limiting exposure solely to Bitcoin and Ethereum.
Franklin’s ETF is among the first to take advantage of this new framework, demonstrating how quickly crypto investment regulation is evolving.
Instead of concentrating mainly on the two largest cryptocurrencies, the fund will now rebalance holdings quarterly to reflect index shifts and market conditions.
These scheduled rebalances allow assets to be added or removed based on performance, liquidity and market relevance.
The firm has also modernized its operational model, permitting authorized participants to create or redeem ETF shares using actual crypto assets rather than cash only — a change that should improve tracking precision and liquidity.
This adjustment is expected to make the ETF more efficient during periods of high volatility, a common challenge for digital asset funds.
Franklin Templeton recently launched a spot XRP ETF
The overhaul of Franklin Templeton’s index ETFs comes shortly after another milestone: the launch of its spot XRP fund, trading under the ticker XRPZ with a sponsor fee of 0.19%.
The introduction of the XRP ETF arrived as interest in regulated XRP exposure surged in the U.S. market.
Franklin has joined a growing cohort of firms vying to offer XRP-based products.
Earlier in the month, Canary Capital led the way, raising more than $250 million on the day its XRP ETF launched.
Other firms that successfully launched spot XRP ETFs include Grayscale and Bitwise, which reported $25 million in volume on day one and $118 million in inflows during the first week of trading.
This rapid expansion has placed XRP among the few assets outside BTC and ETH to attract ETF development at such speed.
As a result, XRP’s price rallied, climbing more than 7% on November 25 to an intraday high of $2.28, as higher-quality institutional inflows started to accelerate.