Franklin Templetonwhich manages $ 27.7 billion in 74 ETF, has applied for the publication of a fund that offers an investor exposed to the XRP KRIPTO-wave, the fourth largest digital coin on a market cap, which has tripled in the price over the last year.
The submission came the day after the value papers committee deferred Its review of the XRP application of Greyscale Investments, saying she needs more time. The new deadline is May 21.
The postponement launched a sec approaching an agreement with the founder of the XRP Ripple Labs, Fox News’s Eleanor Terrett Posted on X. Ripple, sued in 2020, was fined $ 125 million in August when the court found that the company had sold unregistered securities. The company pushed itself out, and Dec, which meets more to the crypts of markets under Trump’s administration, is said to negotiate a settlement more favorable for the company.
The XRP ETF is one of the slope of the crypto etf reported by publishers to create from the election of President Donald Trump last year. XRP, approved for trading in Hashdex ETF last month, is joined by the heders and solani among digital coins who want to trade as ETFS. So far, only Bitcoin and Ethereum have been approved for trading as an ETF.
Franklin Templeton, who submitted On Tuesday, he is known for starting his XRP Fund for his relatively conservative ETF. His biggest $ 2.4 billion Franklin US Core Bond Etf (FLCB) followed by $ 2.2 billion Putnam focused the high value of the ETF cap (Pval). Still, his $ 426 million Franklin Bitcoin ETF (EZBC) He was among the original Bitcoin ETFS video approved in January 2024. The price of the fund has fallen to 17% in the last three months.
XRP, launched in 2012 as a token XRP book, aims to use cross -border transactions. It is said to be faster and cheaper than other cryptocurrencies.
In the US -U sec to review the XRP app from Gray,, LittleCoinshares, Canary Capital and Wisdom.
Bloomberg’s Eric Balchunas Posted on X These applications covered by 64 CRIPTO currency are submitted to SEC.
