Key takeaways

  • Franklin XRP ETF holds 293 million tokens
  • Fund increases XRP holdings 30% during third quarter
  • XRP investments remain $61.8 million below acquisition cost

Franklin Templeton has disclosed holdings of more than 293 million XRP, valued at approximately $439.7 million, revealing a substantial increase in the asset manager's cryptocurrency exposure despite continued volatility across digital asset markets.

According to the Franklin XRP ETF's November 13 SEC filing, the NYSE Arca-listed fund, trading under XRPZ, held exactly 293,112,265 XRP as of September 30, 2026.

Franklin XRP ETF Adds 67.7 Million Tokens in Q3

Franklin's XRP holdings increased from 225.37 million tokens on July 1 to 293.11 million by September 30, representing growth of approximately 30.1%.

The fund purchased 26.6 million XRP for share creations and received another 41.25 million tokens through in-kind contributions. Approximately 108,834 XRP were sold to cover expenses.

No XRP sales or in-kind distributions related to shareholder redemptions were recorded during the quarter.

The increase contrasts with the recent 21Shares XRP ETF disclosure, which showed holdings declining to approximately 107.3 million tokens following investor redemptions.

Franklin's outstanding ETF shares increased to 27 million by September 30, compared with 14.7 million at the end of March.

Earlier Morgan Stanley XRP ETF disclosures also demonstrated how traditional financial institutions can gain cryptocurrency exposure through regulated fund shares rather than direct token custody.

Franklin's XRP Holdings Remain $61.8M Below Cost

Despite accumulating additional tokens, Franklin's XRP investments remained below their cumulative acquisition cost.

The filing reports a total XRP cost basis of $501.43 million against a September 30 fair value of $439.67 million, leaving a difference of approximately $61.76 million, or 12.3%.

This does not represent a realized loss from selling the underlying holdings.

The fund also recorded $112.73 million in unrealized appreciation during the third quarter, demonstrating how XRP's valuation improved within the period despite remaining below its overall cost basis.

Franklin's net asset value reached $439.61 million, equivalent to $16.28 per ETF share.

The contrast resembles earlier Grayscale XRP portfolio disclosures, which showed how token balances and market valuations can move in different directions.

What Does the SEC Filing Mean for XRP?

Franklin's latest disclosure shows continued fund expansion during Q3, but it should not be interpreted as evidence of fresh buying in November.

The quarter ended September 30, well before the latest XRP ETF outflow reports and the cryptocurrency's subsequent price decline.

Franklin's fund uses Coinbase Custody Trust Company to safeguard its XRP, while BNY Mellon provides administration, transfer-agent services and cash custody. Its annual sponsor fee is 0.19%.

The fund's growing position adds another dimension to the broader institutional XRP ETF market, although ownership of ETF shares does not necessarily indicate unhedged bullish positioning.

Recent XRP price weakness also means the September valuation cannot be treated as the fund's current market value.

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Marcus Hale

Marcus Hale is a crypto and financial markets writer covering Bitcoin, Ethereum, digital assets, regulation, ETFs, and institutional adoption. His work focuses on market-moving developments, investor trends, and the broader forces shaping the crypto economy.

https://coinpaper.com/38824/franklin-templeton-reveals-293-million-xrp-holdings-worth-440-m-in-new-sec-filing

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