Funding behemoth Franklin Templeton, which boasts a complete of $1.53 trillion value of belongings beneath administration, has filed to launch an XRP exchange-traded fund (ETF).
It has joined the XRP ETF race after such smaller gamers as Bitwise, Canary Capital, 21Shares, Grayscale, and WisdomTree.
As reported by U.As we speak, the U.S. Securities and Change Fee (SEC) has already acknowledged the proposals from the aforementioned corporations. This has been interpreted as a optimistic signal by analysts, nevertheless it stays to be seen whether or not these filings will really get accepted by the regulator, which has adopted a crypto-friendly stance following the departure of former boss Gary Gensler. The SEC must announce its determination relating to the Grayscale proposal by Oct. 18.
In the meantime, Volatility Shares has additionally filed to launch extra unique XRP ETF merchandise, with considered one of them making it doable to guess towards the worth of the token.
The value of XRP has spiked by greater than 5% over the previous 24 hours, in response to CoinGecko information.