Franklin XRP ETF reported a strong performance in the third quarter of 2026, with its net asset value (NAV) per share rising by 42.93%. This increase closely mirrored the 42.95% surge in the price of XRP over the same period. The fund, which began operations in November 2025, did not have a comparative period for this performance review.
The fund held 293.1 million XRP tokens, valued at $439.7 million as of September 30, 2026. During the quarter, 6.25 million shares were issued in exchange for 67.9 million XRP, with no shares being redeemed. The only expense incurred by the fund was the sponsor fee, which amounted to $148,806 for the quarter.
Franklin XRP ETF follows a passive investment approach, focusing solely on holding XRP without using leverage, derivatives, or similar financial instruments. This strategy aligns with the fund's objective of providing investors with exposure to the cryptocurrency market in a straightforward manner.