Franklin Templeton is the most recent asset supervisor to enter the XRP ETF race following its S-1 submitting with the US Securities and Exchange Commission (SEC). This continues the flurry of ETF filings which have hit the Commission’s desk since President Donald Trump took workplace.
Franklin Templeton Files For XRP ETF With US SEC
Asset supervisor Franklin Templeton has filed an S-1 form with the US SEC to supply an XRP ETF. This comes simply weeks after the asset supervisor filed to supply a Solana ETF. It is price mentioning that the agency already presents spot Bitcoin and Ethereum ETFs.
Meanwhile, the asset supervisor additionally joins the likes of 21Shares, Canary Capital, Grayscale, WisdomTree and Bitwise, which have additionally filed to supply an XRP ETF. The SEC has already acknowledged 21Shares, Bitwise and Grayscale’s 19b-4 filings which places them nicely forward within the race.
Franklin Templeton may also must file its 19b-4 type with the US SEC to formally kickstart the method. The Commission acknowledges this and registers it within the Federal Register, after which the deadline for it to approve or reject the applying begins to tick.
Boluwatife Adeyemi
Boluwatife Adeyemi is a well-experienced crypto information author and editor who has lined subjects that reduce throughout DeFi, NFTs, good contracts, and blockchain interoperability, amongst others. Boluwatife has a knack for simplifying probably the most technical ideas and making it straightforward for crypto newbies to know. Away from writing, He is an avid basketball lover and a part-time degen.
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