Franklin Templeton Files for XRP ETF, Joining the Competitive Landscape
Finance/Investing

Franklin Templeton Files for XRP ETF, Joining the Competitive Landscape

Franklin Templeton has stepped into the XRP ETF race, submitting an application to the SEC, which has a preliminary approval window of up to 240 days.

Trade with eToro

Trade with eToro

Open an account

Trade on XM

Trade on XM

Open an account

Summary

Investment leader Franklin Templeton has officially entered the race for an XRP exchange-traded fund (ETF), submitting a proposal aimed at tracking XRP’s spot price with fees accounted for, while the assets will be managed via Coinbase Custody.

Key Highlights:

  • The ETF is designed to trade on the Cboe BZX Exchange.
  • Shareholders will not receive benefits from XRP Ledger forks or airdrops.
  • With the SEC’s preliminary filing, there is a review period of up to 240 days, meaning a decision could potentially be made in late 2025.
  • This move aligns Franklin Templeton with other financial entities like Bitwise and 21Shares, indicating a shift towards more cryptocurrency-friendly regulations.

XRP saw a 4.2% increase in value over the past 24 hours, reflecting the positive trend in the broader crypto market.

Next article

Bitcoin Surges to $82,000 Amid Regulatory Anticipation

Newsletter

Get the most talked about stories directly in your inbox

Every week we share the most relevant news in tech, culture, and entertainment. Join our community.

Your privacy is important to us. We promise not to send you spam!