- Franklin expands its crypto index ETF to include six major altcoins.
- New SEC-approved rules allow broader asset tracking within crypto funds.
- Demand for XRP surges as several spot XRP products launch in the U.S.
Franklin Templeton is broadening the scope of its flagship digital asset fund, marking one of the most significant shifts so far in how traditional finance approaches the crypto market.
The firm is moving beyond its long-standing focus on Bitcoin (BTC) and Ethereum (ETH) and opening the door to a wider mix 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) on December 1, 2025, becoming a much more comprehensive representation of the market.
Notably, recently approved Fresh Cboe exchange rules played a key role in enabling this expansion.
For the first time, issuers can include any cryptocurrency present in their benchmark indexes rather than limiting exposure to just Bitcoin and Ethereum.
Franklin’s ETF is among the first to take advantage of this new framework, highlighting how quickly regulated crypto investing is evolving.
Instead of being dominated by the two largest cryptocurrencies, the fund will now adjust its holdings quarterly to reflect changes in the index 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 operating model, enabling authorized participants to create or redeem ETF shares using actual crypto assets instead of cash only, a change expected to improve tracking accuracy and liquidity.
This adjustment is likely 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 closely follows another milestone: the launch of its spot XRP fund, trading under the ticker XRPZ with a sponsor fee of 0.19%.
The XRP ETF debuted as regulated demand for XRP exposure was rising across the U.S. market.
Franklin has joined a rapidly growing group of firms competing to meet investor appetite for XRP-based products.
Canary Capital set an early pace earlier this month, taking in over $250 million on the first day of its XRP ETF’s launch.
Other firms that have successfully launched XRP ETFs include Grayscale and Bitwise, which recorded $25 million in volume on day one and $118 million in inflows during their first week of trading.
This swift expansion has placed XRP among the few assets outside of BTC and ETH to attract this level of ETF development speed.
As a result, XRP’s price has rebounded, rising more than 7% on November 25 to an intraday high of $2.28 as institutional inflows begin to accelerate.