XRPZ - Franklin XRP Trust - Franklin XRP ETF

XRPZ is designed to provide investors with regulated, convenient exposure to XRP. XRP is a digital asset most often used for fast, low-cost cross-border payments. Listed on NYSE Arca and tracking the CME CF XRP-Dollar Reference Rate (New York Variant), XRPZ is a passively managed grantor trust that directly holds XRP.

As of Sep 30, 2026: spot at $16.21, ATM IV 78.3%, max pain $16.00, net GEX $35.7K.

Sector
Financial Services
Industry
Asset Management
Market Cap
$409.4M
Beta
1.09
52-Week Range
10.77-26.09
IPO Date
Nov 24, 2025
Exchange
AMEX

What XRPZ Looks Like to Options Traders Today

IV rank of 11.8% is subdued relative to the 1-year history, conditions that typically favor premium-buying or long-volatility structures (debit spreads, calendar spreads, long straddles); positive net gamma exposure ($35.7K) means dealers hedge against trend, damping realized volatility and biasing price toward heavy-OI strikes; the 25-delta skew (0.120) prices calls richer than puts, often reflecting upside speculation or squeeze risk.

What This Page Covers

The XRPZ overview links into per-metric analysis views: max pain, gamma exposure, volatility skew, expected move, options chain, open interest history, and aggregate Greeks. Microstructure data is available on short interest, short volume, fail-to-deliver, and market structure.

Frequently asked XRPZ overview questions

What is XRPZ?
XRPZ is the ticker symbol for Franklin XRP Trust - Franklin XRP ETF, an listed exchange-traded fund. XRPZ is designed to provide investors with regulated, convenient exposure to XRP. XRP is a digital asset most often used for fast, low-cost cross-border payments. Listed on AMEX. XRPZ is the ETF ticker shown on this page; ETF traders use the fund for diversified exposure to its underlying basket, for sector and factor rotation, and for hedging or replication strategies via the listed options chain.
What does the XRPZ options snapshot look like today?
As of Sep 30, 2026, the XRPZ options snapshot shows spot at $16.21, ATM IV 78.3%, IV rank 11.8%, max pain $16.00, net GEX $35.7K, expected move 22.45%. The full options chain, Greeks by strike and expiration, per-strike open-interest distribution, dealer gamma and delta exposure, and the volatility skew surface are linked from this overview page. Each per-metric route refreshes once per trading session and reflects the most recent close-of-business listed-options state.
What are XRPZ's key statistics?
Franklin XRP Trust - Franklin XRP ETF (XRPZ) carries a market capitalization of $409.4M, 52-week range of 10.77-26.09. Full holdings disclosure, expense ratio, and tracking-error history live on the per-ticker fundamentals page or the sponsor's site; daily NAV and premium/discount-to-NAV are accessible from the same view. These structural inputs frame how the ETF options market prices implied volatility relative to its constituents.
What sector or industry does XRPZ belong to?
Franklin XRP Trust - Franklin XRP ETF operates in the Financial Services sector, in the Asset Management industry. Sector classification affects how the ticker correlates with sector ETFs, how it reacts to macro factors like rate moves and commodity prices, and how its options pricing compares to sector peers. Compare XRPZ's implied volatility and skew against sector benchmarks to gauge whether the options market is pricing single-name or systemic risk relative to the broader peer group.
How current is the XRPZ data on this page?
The options snapshot above is dated Sep 30, 2026 and refreshes once per session, with all per-strike Greeks and exposure aggregates recomputed at the daily close. Fund-level fields (sponsor, expense ratio, holdings concentration where available) refresh from the vendor feed nightly. ETF-specific filings (N-CSR, N-PX, N-CEN) update on the SEC EDGAR cadence. FINRA microstructure data refreshes on the source's cadence; for ETFs the off-exchange volume signal is dominated by authorized-participant creation and redemption rather than directional flow.