Giant investment Franklin Templeton has joined a growing financial providers assets hoping to offer an XRP exchange-traded fund (ETF) to the general public.
On Tuesday, the company filed for a Franklin XRP ETF, aimed at monitoring the price of the area of XRP minus fees, where the assets were held by the Coinbase’s guard.
Shares are merchants in the CBOE BZX Exchange, along with authorized participants who create/redeem them in blocks using cash, converted to XRP through a third-party. Shareholders will not benefit from XRP ledger forks or airdrops.
The initial filing, so the SEC has up to 240 days – potentially late 2025 – to approve or reject it. Franklin joined Bitwise, 21shares, and others in the XRP ETF race, which estimated a crypto-friendly shift.
XRP has risen to 4.2% in the past 24 hours, in accordance with a broader market recovery.
