Monetary large Franklin Templeton, managing a staggering $1.53 trillion in property, has formally entered the race to launch an XRP exchange-traded fund (ETF).
This transfer locations it alongside corporations like Bitwise, Canary Capital, 21Shares, Grayscale, and WisdomTree, which have already submitted comparable functions.
Regulatory discussions round these proposals are gaining momentum, with the U.S. Securities and Change Fee (SEC) acknowledging the filings from these corporations.
Whereas this recognition is seen as an encouraging step, it stays unsure whether or not the regulator will approve them.
The SEC’s stance on cryptocurrency seems to be shifting, particularly following management adjustments, however the remaining final result is but to be decided. A call on Grayscale’s software is predicted by October 18.
In a separate improvement, Volatility Shares has put ahead its personal distinctive XRP-related ETF proposals, together with a product designed for traders seeking to speculate on a decline within the token’s value.
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