Franklin XRP ETF (XRPZ) is an exchange-traded fund sponsored by Franklin Holdings, LLC that provides investors with exposure to XRP, the digital asset. The fund generates revenue through management fees charged against fund assets, the standard fee structure for exchange-traded products. As a series sponsored by Franklin Holdings, LLC, the ETF filed its quarterly report on Form 10-Q with the SEC on February 17, 2026, covering operations as a registered investment product under the Securities Exchange Act of 1934. The filing excerpts do not disclose specific fee rates, assets under management, share counts, or net asset values as of the quarterly period covered.

Revenue model

Management fees charged against fund assets, consistent with standard exchange-traded product structures. Specific fee rates and assets under management are not disclosed in the available filing excerpts.

Products and services

Franklin XRP ETF, a series sponsored by Franklin Holdings, LLC, providing exposure to XRP as an exchange-traded product registered under Section 12(b) of the Securities Exchange Act of 1934.

Customers and end markets

Investors seeking exchange-traded exposure to XRP. Specific investor type breakdown is not disclosed in the available filing excerpts.

Value-chain role

Sponsor and issuer of an XRP-linked exchange-traded fund. Franklin Holdings, LLC serves as sponsor.

Geographic exposure

Registered and operating in the United States, filed with the SEC as of February 17, 2026. No additional geographic detail disclosed in the available filing excerpts.

Source: SEC 10-Q, filed 2026-02-17

Industry: Commodity Contracts Brokers & Dealers