- Franklin expands its crypto index ETF to include six major altcoins.
- New SEC-approved rules allow broader asset tracking in crypto funds.
- XRP demand surges as multiple US spot XRP products launch.
Franklin Templeton is broadening the scope of its flagship digital-asset fund, marking a major shift in how traditional finance engages with the cryptocurrency market. The firm is moving beyond its previous emphasis on Bitcoin (BTC) and Ethereum (ETH) to incorporate a wider selection of leading altcoins, reflecting a more diversified approach to crypto index tracking.
Franklin Crypto Index ETF adds more coins
According to a filing made 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. This change turns the fund into a more comprehensive representation of the broader market.
The expansion was enabled in part by recently approved Cboe exchange rules that allow issuers to include any cryptocurrency contained in their benchmark indices, rather than restricting exposure to only Bitcoin and Ethereum. Franklin’s ETF is among the first to leverage this new framework, signaling how quickly regulated crypto investment products are evolving.
Under the updated approach, the fund will adjust its holdings each quarter to reflect index changes and market conditions rather than remaining concentrated in the two largest coins. These scheduled rebalances allow assets to be added or removed based on performance, liquidity, and market relevance, keeping the index aligned with market developments.
Franklin has also modernized its operational model by permitting authorized participants to create or redeem ETF shares using actual crypto assets instead of cash only. This change should improve tracking accuracy and liquidity, making the ETF more resilient during high-volatility periods—an ongoing challenge for digital-asset funds.
Franklin Templeton recently launched a spot XRP ETF
The index ETF update follows the firm’s recent launch of a spot XRP fund, trading under the ticker XRPZ with a 0.19% sponsor fee. The debut of the XRP ETF comes at a time when demand for regulated XRP exposure is rising across the U.S. market, and Franklin has joined a growing group of firms offering spot XRP products.
Earlier in the month, Canary Capital led the charge by raising more than $250 million on its XRP ETF’s first day of trading. Other issuers, including Grayscale and Bitwise, also introduced spot XRP ETFs, with Grayscale recording $25 million in first-day volume and Bitwise seeing $118 million in inflows during its first week. This rapid rollout places XRP among the select assets outside BTC and ETH to attract swift ETF development.
Institutional interest in XRP has helped push its price higher: on November 25 the asset climbed more than 7% to an intraday high of $2.28 as institutional-grade inflows began accelerating. The renewed appetite for XRP-based products underscores how regulatory approvals and new exchange rules are reshaping the landscape for crypto investment vehicles.
Overall, Franklin Templeton’s moves—expanding an index ETF to include multiple major altcoins and launching a spot XRP product—reflect an industry-wide shift toward broader, more flexible, and increasingly regulated crypto investment options. These changes aim to provide investors with more accurate market exposure and improved liquidity while aligning traditional fund mechanics with the unique demands of digital assets.