Altcoin
Franklin Templeton Files S-1 For XRP ETF With US SEC
Franklin Templeton is the latest asset manager to enter the XRP ETF race following its S-1 filing with the US Securities and Exchange Commission (SEC). This continues the flurry of ETF filings that have hit the Commission’s desk since President Donald Trump took office.
Franklin Templeton Files For XRP ETF With US SEC
Asset manager Franklin Templeton has filed an S-1 form with the US SEC to offer an XRP ETF. This comes just weeks after the asset manager filed to offer a Solana ETF. It is worth mentioning that the firm already offers spot Bitcoin and Ethereum ETFs.
Meanwhile, the asset manager also joins the likes of 21Shares, Canary Capital, Grayscale, WisdomTree and Bitwise, which have also filed to offer an XRP ETF. The SEC has already acknowledged 21Shares, Bitwise and Grayscale’s 19b-4 filings which puts them well ahead in the race.
Franklin Templeton will also need to file its 19b-4 form with the US SEC to officially kickstart the process. The Commission acknowledges this and registers it in the Federal Register, after which the deadline for it to approve or reject the application begins to tick.
Boluwatife Adeyemi
Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across DeFi, NFTs, smart contracts, and blockchain interoperability, among others. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover and a part-time degen.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
✓ Share: