Franklin Xrp Trust (XRPZ) — SEC Filings
Franklin Xrp Trust (XRPZ) — 4 SEC filings. Latest: S-1/A (Nov 4, 2025). Sentiment: mixed. Includes 3 S-1/A, 1 S-1. Overall sentiment: mixed.
View Franklin Xrp Trust on SEC EDGAR
Overview
Franklin Xrp Trust (XRPZ) is a publicly traded company tracked on ReadTheFiling. The most recent enriched filing is a S-1/A filed on Nov 4, 2025: Franklin XRP Trust (XRPZ) filed an S-1/A on November 4, 2025, for its Franklin XRP ETF, seeking to reflect the performance of XRP's price. The Trust, organized as a Delaware statutory trust on February 28, 2025, will issue an indeterminate number of shares, with Creation Units consisting of 50,000 s
Sentiment Summary
Across 4 filings, the sentiment breakdown is: 1 bullish, 1 neutral, 2 mixed. The dominant filing sentiment for Franklin Xrp Trust is mixed.
Filing Type Overview
Franklin Xrp Trust (XRPZ) has filed 3 S-1/A, 1 S-1 with the SEC between Mar 2025 to Nov 2025.
Recent SEC Filings (4)
| Date | Form | Description | Risk |
|---|---|---|---|
| Nov 4, 2025 | S-1/A | Franklin XRP ETF Files S-1/A, Waives Fees on First $5B AUM | high |
| Oct 10, 2025 | S-1/A | Franklin XRP ETF Files S-1/A, Details Fee Structure and XRP Custody | high |
| Aug 22, 2025 | S-1/A | Franklin XRP ETF Files S-1/A, Eyes Cboe BZX Listing | high |
| Mar 11, 2025 | S-1 | Franklin XRP Trust Files S-1 for XRP ETF | medium |
Risk Profile
Risk Assessment: Of XRPZ's 4 recent filings, 3 were flagged as high-risk, 1 as medium-risk, and 0 as low-risk. The overall risk profile suggests elevated risk that warrants close monitoring.
Key Executives
- Navid J. Tofigh
- Miranda Sturgis
- J. Stephen Feinour, Jr.
Industry Context
The digital asset ETF market is rapidly evolving, with increasing institutional interest in regulated products that offer exposure to cryptocurrencies like XRP. Competitors are also seeking to launch similar products, making regulatory approval and unique value propositions critical for success. The focus is on providing secure, compliant, and cost-effective investment vehicles.
Top Tags
XRP ETF (3) · Cryptocurrency (3) · SEC Filing (3) · Franklin Templeton (3) · Digital Assets (3) · Spot ETF (2) · Fee Waiver (1) · Investment Fund (1) · Blockchain (1) · Cboe BZX (1)
Key Numbers
| Metric | Value | Context |
|---|---|---|
| Sponsor's Fee waiver threshold | $5.0 billion | Entire Sponsor's Fee waived on first $5.0 billion of Fund assets until May 31, 2026 |
| Annualized Sponsor's Fee rate | 0.19% | Standard annualized rate of the Sponsor's Fee, calculated daily |
| Shares per Creation Unit | 50,000 | Minimum block of shares for creation and redemption by Authorized Participants |
| CME CF XRP-Dollar Reference Rate | $2.31 | XRP price on November 3, 2025, used for valuation |
| Proceeds from Initial Seed Shares sale | $100,000 | Total proceeds received by the Fund from Franklin Resources Inc.'s purchase of 4,000 shares |
| Initial Seed Shares purchased | 4,000 | Number of shares purchased by Franklin Resources Inc. on October 15, 2025 |
| Per-Share price of Initial Seed Shares | $25.00 | Price at which Franklin Resources Inc. purchased the Initial Seed Shares |
| Seed Creation Units shares | 100,000 | Number of shares expected to be purchased as Seed Creation Units by Franklin Resources Inc. |
| Annual ordinary legal fees assumed by Sponsor | $500,000 | Maximum amount of ordinary legal fees and expenses assumed by the Sponsor per annum |
| Filing Date | 2025-11-04 | Date the S-1/A was filed with the SEC |
| Annual legal fees assumed by Sponsor | $500,000 | Maximum ordinary legal fees covered by the Sponsor's Fee |
| Total proceeds from Seed Creation Units | $[ ] | Cash received by the Fund from the Seed Capital Investor for XRP purchase |
| XRP purchased with Seed Creation Unit proceeds | [ ] | Quantity of XRP acquired by the Fund from Seed Capital Investor's cash |
| Price per XRP for Seed Creation Unit purchase | $[ ] | Cost per XRP paid by the Fund using Seed Creation Unit proceeds |
| Sponsor's Fee (annualized) | [ ]% | Annualized rate of the net asset value, accrued daily and payable quarterly |
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Frequently Asked Questions
What are the latest SEC filings for Franklin Xrp Trust (XRPZ)?
Franklin Xrp Trust has 4 recent SEC filings from Mar 2025 to Nov 2025, including 3 S-1/A, 1 S-1. Each filing includes an AI-generated plain-English summary.
What is the overall sentiment of XRPZ filings?
Across 4 filings, the sentiment breakdown is: 1 bullish, 1 neutral, 2 mixed. The dominant sentiment is mixed.
Where can I find Franklin Xrp Trust SEC filings explained simply?
ReadTheFiling provides AI-powered plain-English summaries of all Franklin Xrp Trust (XRPZ) SEC filings, including 10-K annual reports, 10-Q quarterly reports, 8-K current reports, and insider trades.
What are the key financial highlights for Franklin Xrp Trust?
Financial highlights for Franklin Xrp Trust are available when 10-K or 10-Q filings are enriched with AI analysis. Check back as new filings are processed.
What is the investment thesis for XRPZ?
The investment thesis for XRPZ includes bull, base, and bear case scenarios derived from AI analysis of recent SEC filings.
Who are the key executives at Franklin Xrp Trust?
Key executives identified across Franklin Xrp Trust's filings include Navid J. Tofigh, Miranda Sturgis, J. Stephen Feinour, Jr..
What are the main risk factors for Franklin Xrp Trust stock?
Of XRPZ's 4 assessed filings, 3 were flagged high-risk, 1 medium-risk, and 0 low-risk.
What are recent predictions and forward guidance from Franklin Xrp Trust?
Forward guidance and predictions for Franklin Xrp Trust are extracted from SEC filings as they are enriched.