Franklin Templeton Surge: Revolutionizing Digital Currency Investment Opportunities Now
news
2 min read
Franklin Templeton Expands Crypto Investment Offerings by Filing for an XRP ETF with the SEC
In a major development in the crypto space, investment giant Franklin Templeton has announced that it is expanding its crypto offerings by filing for an XRP exchange-traded fund (ETF) with the Securities and Exchange Commission (SEC). This move marks a significant milestone in the firm’s efforts to tap into the rapidly growing cryptocurrency market.
As per reports, Franklin Templeton filed a document known as Form S-1 with the SEC, which paves the way for the launch of an XRP ETF. The fund will track the price of XRP before expenses, and it is expected to be listed on the Cboe BZX Exchange once approved by regulatory authorities.
It’s worth noting that Franklin Templeton has already filed for a Solana ETF and also offers Bitcoin and Ethereum ETFs. This recent move further underscores the growing interest in regulated crypto products as investors seek more diversified investment options.
Notably, the SEC has recently delayed its decision on XRP ETF applications from other firms, setting a new deadline of May 21, 2025. While this delay raises concerns about the likelihood of approval, some analysts are cautiously optimistic about the prospects of an XRP ETF getting approved. Bloomberg Intelligence analysts predict a 65% chance of XRP ETF approval in 2025, citing the recent SEC approvals for Bitcoin and Ethereum ETFs as a positive sign.
In related news, XRP’s price has surged by over 3% in the past 24 hours, with investors seemingly reacting positively to Franklin Templeton’s filing. This significant increase comes after a brief dip below $2, and it underscores the importance of regulatory clarity in the crypto space.
Franklin Templeton’s decision to expand its offerings into XRP ETFs is likely to have far-reaching implications for the cryptocurrency market. As the company continues to explore new opportunities, it will be interesting to track developments on this front as investors await further updates from the SEC.
About the Author:
