Source: CryptoNewsNet Original title: XRP rises as Franklin Templeton launches latest crypto ETF Original link: XRP has experienced a significant rise, increasing by 9% in the past 24 hours, due to the official launch of a new exchange-traded fund tracking the asset's price. As of the time of writing, XRP is trading at $2.24, having risen 5.2% over the past week, according to cryptocurrency price aggregator CoinGecko, reversing a recent fall. However, XRP is still down over 13% in the past month. According to Yahoo Finance, the Franklin XRP ETF (XRPZ) was listed on the NYSE Arca on Monday, up 8.7% from its starting price of $22.60. On Monday, XRP and other major digital assets reclaimed ground lost over the past six weeks as the crypto market showed signs of recovery. Bitcoin is recovering from a low of $82,175, which is the lowest level since early April, while Ethereum is struggling to recover after previously falling below $2,700 last week, a four-month low, according to CoinGecko. Franklin Templeton's new fund aims to replicate the performance of XRP, which is measured by the New York variant of the CME CF XRP-Dollar Reference Interest Rate. "XRPZ provides investors with a convenient and regulated way to gain exposure to a digital asset that plays a foundational role in global settlement infrastructure, with the transparency and oversight of an ETF," said David Mann, head of ETF products and capital markets at Franklin Templeton, in a press release. It is a notable day for the XRP fund. Just this morning, Grayscale raised the listing of its XRP and Dogecoin funds on the same exchange. The new ETFs trade as GXRP and GDOG, respectively. The market listing means these funds already exist but are not true spot ETFs. Like the Bitcoin and Ethereum Trusts before, the company's altcoin fund was converted into a true spot ETF. Earlier this month, fund issuer Canary launched an XRP ETF. The fund had a strong start, with inflows reaching $17 million within the first 30 minutes, totaling $58 million for the day—making it the highest inflow of any ETF this year.