Franklin Templeton Files for XRP-Focused ETF with SEC
- Franklin Templeton has filed for an XRP-focused ETF with the SEC.
- The proposed ETF aims to track XRP’s price performance and will trade on the CBOE BZX Exchange.
- The Chicago Board Options BZX Exchange submitted a 19b-4 form for listing and trading shares of the Franklin XRP ETF in the US.
- XRP is the fourth-largest crypto asset by market capitalization, with its price rising by 2% to $2.3 after the filing.
- Coinbase Custody will serve as custodian for the ETF’s XRP holdings.
The Franklin Templeton filing proposes an ETF focused on tracking XRP’s price, aiming to provide investors exposure without direct custody. The digital asset saw a slight increase in value following this development.
Source (2.6)https://cryptobriefing.com/cboe-files-xrp-spot-etf/?rand=59535
