The American asset management company Franklin Templeton has joined the race for XRP exchange-traded funds (ETFs), becoming the latest firm to submit a filing for a spot XRP ETF in the United States.
Franklin Templeton’s XRP ETF aims to mirror the performance of the XRP price, with its XRP assets held at Coinbase Custody Trust, as detailed in a filing with the US Securities and Exchange Commission dated March 11.
On the same date, the SEC announced it would delay its decisions on several cryptocurrency ETF submissions, including Grayscale’s request to convert its XRP Trust into an ETF.
Even as the number of XRP ETF filings rises, BlackRock — the issuer of the largest spot Bitcoin ETF — has not yet made a submission for any XRP-related products.
Which firms have filed for an XRP ETF in the US?
As of March 12, nine firms have filed for XRP ETF products in the US, featuring major players such as Bitwise, ProShares, and 21Shares among others.
Bitwise, one of the largest crypto fund managers globally, was the first to file a Form S-1 for an XRP ETF on October 2, 2024.
Canary Capital soon followed, submitting its own Form S-1 for a similar product on October 8, 2024.
The Switzerland-based crypto investment firm 21Shares and US ETF provider WisdomTree also filed for XRP ETFs in late 2024, with their submissions coming in November and December, respectively.
Asset manager ProShares entered the XRP ETF competition in 2025 by filing with the SEC for multiple XRP ETF products on January 17, including the ProShares XRP ETF and three additional investment offerings.
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Following that, January saw another XRP ETF filing from CoinShares, a European crypto investment firm, with Grayscale also proposing to convert its XRP Trust into an XRP ETF listed on the New York Stock Exchange on January 30.
Additionally, Florida-based financial services firm Volatility Shares, founded in 2019, filed three XRP ETF products on March 7, which included the Volatility Shares XRP ETF, the Volatility Shares 2x XRP ETF, and the Volatility Shares -1x XRP ETF.
Other filings featuring XRP ETFs
In addition to dedicated XRP ETF filings, at least two asset managers have incorporated XRP into broader crypto ETF offerings.
On January 21, REX-Osprey filed for an “ETF Opportunities Trust,” featuring seven ETFs that track assets including notable cryptocurrencies like XRP and Bitcoin, as well as memecoins such as Bonk and Official Trump.
In a similar vein, Tuttle Capital Management also submitted an ETF opportunities trust filing, which included 10 daily target ETFs addressing assets such as XRP and Melania.
ETF compositions in the ETF opportunities trusts by Tuttle Capital Management and REX-Osprey. Source: SEC
Aside from BlackRock, several crypto ETF providers, including Invesco, VanEck, ARK Invest, Fidelity Investments, and Galaxy Digital, have yet to file for an XRP ETF.
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