Franklin Templeton has launched the primary quarterly report (Type 10-Q) for its Franklin $XRP ETF (XRPZ).
In response to the submitting with the U.S. Securities and Change Fee, the fund held over 118 million $XRP tokens as of the top of 2025.
Franklin Templeton, managing over $1.6 trillion in belongings, has confirmed to be probably the most “degen” of the standard giants.
Underneath CEO Jenny Johnson, the agency has actively experimented with node operation, tokenized cash market funds on Polygon and Stellar, and now, a pioneering function in $XRP.
Stagnating flows
In response to the knowledge supplied by SoSoValue, the market has entered a interval of stagnation relating to new capital inflows, regardless of wholesome buying and selling volumes and constructive worth motion throughout the underlying asset.
The sector at the moment holds $1.06 billion in complete web belongings. This represents roughly 1.17% of the full $XRP market capitalization.
The each day complete web influx throughout all 5 main issuers flatlined at $0.00. This pause comes on the heels of a risky two-week interval.
Canary Capital (XRPC) maintains the highest spot in complete web belongings with $283.33 million, holding a slender lead over Bitwise’s $272.84 million. Apparently, this dominance comes regardless of Canary carrying the very best listed price at 0.50%.
In distinction, Franklin Templeton (XRPZ) is aggressively positioning itself because the low-cost chief with a 0.19% price. Franklin at the moment sits in third place with $243.60 million in belongings.
The market continues to be recovering from a shock to the system in late January, and this is applicable to $XRP ETF flows as nicely.
