Morning Crypto Update: $1.69 Trillion Franklin Templeton Expands Crypto Index with XRP and Cardano (ADA)

As Tuesday begins, institutional activity shapes the conversation in cryptocurrency. Franklin Templeton, managing $1.69 trillion in assets, is expanding its EZPZ crypto index to include XRP, ADA, SOL, DOGE, LINK, and XLM. Meanwhile, Strategy has raised $1.44 billion in cash following $1.48 billion in sales of MSTR shares, leading CEO Michael Saylor to transition from being a total Bitcoin (BTC) holder to a conditional seller. Samson Mow labels this strategy a robust move, while Jim Cramer teases a support map for Bitcoin post the October market drop.

Key Takeaways

Franklin Templeton updates its EZPZ crypto index to include XRP, ADA, SOL, DOGE, LINK, and XLM, signaling a shift in traditional finance perspectives.
Strategy raises significant cash but moves into a position allowing for BTC sales, causing concern among investors.
Jim Cramer discusses Bitcoin's support levels after a significant price drop, linking it to broader market trends.
Samson Mow views Saylor's cash reserves as a strong defensive strategy to protect his Bitcoin holdings amid market volatility.

Morning Crypto Report: $1.69 Trillion Franklin Templeton Boosts XRP and Cardano (ADA), "$1 Million BTC" Advocate Samson Mow Backs Michael Saylor, When to Buy Bitcoin? Jim Cramer Teases Outlook

Franklin Templeton's EZPZ Crypto Index Expansion

Franklin Templeton Digital Assets announced that its Franklin Crypto Index ETF (EZPZ) now includes XRP, ADA, SOL, DOGE, LINK, and XLM. Prior to this announcement, the ETF exclusively featured Bitcoin and Ethereum. This expansion marks a first for a financial giant managing $1.69 trillion in assets, offering a diversified representation in the crypto space with regulatory compliance backed by Coinbase custody.

As of December 1, EZPZ reported a net asset value (NAV) of $22.27, with $6.68 million in net assets, and a 15.3% return since its launch in February 2025. The current asset allocation is 74.47% BTC, 13.04% ETH, 6.63% XRP, 3.35% SOL, 1% DOGE, 0.8% ADA, 0.38% LINK, and 0.33% XLM. While the dollar amount in this ETF is modest, decisions from such a large sponsor can significantly influence market sentiment, suggesting a trend toward broader crypto investment options rather than just BTC and ETH.

XRP ETF Holdings Data _Source:_SoSoValue

XRP has seen substantial inflows among dedicated ETFs, with $349.45 million for XRPC, $169.20 million for XRP, $123.98 million for GXRP, and $113.63 million for XRPZ, totaling over $723 million in net assets, which is about 0.6% of XRP’s market cap. On December 1, the daily inflows reached $89.65 million across all tickers, demonstrating the segment's continued activity despite market downturns.

Jim Cramer Discusses Bitcoin Outlook

Controversial CNBC host Jim Cramer mentioned he has "good stuff tonight about where Bitcoin can hold," indicating that his Mad Money segment will delve into Bitcoin's support map. His comments come after Bitcoin experienced a 40% drop from its October 2025 highs, leading to a significant downturn in bullish sentiment and raising questions about the $100,000 price target's viability.

Cramer compared the current state of cryptocurrency to the emerging field of physical AI, illustrating the investment shift toward hardware technology that captures attention akin to past cloud adoption trends.

BTC/USD Trading View BTC/USD by TradingView

In this analogy, Bitcoin is portrayed as a macro asset trying to maintain stability around $80,000, while current risk flows favor the AI sector over cryptocurrencies. Despite previous bearish comments about BTC, Cramer's current perspective suggests he identifies specific levels at which buyers are likely to enter the market.

Market Reactions: Strategy and Saylor

Samson Mow responded to worries regarding Strategy’s $1.48 billion sale of MSTR shares and its accumulation of $1.44 billion in cash reserves. According to Mow, Saylor has created an "unassailable Bitcoin fortress," with the cash reserves acting as a protective moat rather than a vulnerability.

Market anxiety escalated after Strategy indicated BTC sales might now be a consideration, albeit not an immediate action. Saylor indicated that any Bitcoin sales could potentially support equity buybacks or adjust the net asset value (NAV) if needed. The company reassured investors that their debt position remains secure for the next 21 months and poses little margin-call risk.

Strategy contended that even if Bitcoin were to drop to $10.4K, the NAV would only match its current debt, alleviating immediate panic concerns. Nonetheless, Saylor's comment opened the door to discussions he once considered off-limits, resulting in MSTR's shares dropping by 12% on the news.

Investors are particularly focused on the NAV, as a dip below 0.8 on a fully diluted basis might trigger a potential Bitcoin sale to stabilize MSTR’s share price. Mow asserted that protecting the "fortress" is more straightforward than launching an attack against it, framing the market's current concerns in a defensive light.

Monitoring Bitcoin and Altcoin Levels

The market enters Tuesday with anticipation for a clear move in either direction, heavily dependent on Bitcoin's ability to stabilize above the mid-$80,000 range.

Key levels to watch:

Bitcoin (BTC): Trading in the mid-$86,000 range. Failure to reclaim $88,000 could lead to a drop into the low-$84,000 area.
XRP: Currently near $2.05. A surge towards $2.30 is possible only if Bitcoin stabilizes; otherwise, it may remain stagnant.
Cardano (ADA): Hovering around $0.63 without independent momentum; its direction is closely tied to Bitcoin's movements.