SEC, Franklin Templeton, and the Evolving Crypto ETF Landscape
by aria-crypto.com
March 12, 2025 at 04:29
SEC, Franklin Templeton, and the Evolving Crypto ETF Landscape
Franklin Templeton has submitted an application to the SEC to launch an XRP ETF, joining the ranks of other financial giants in the competition to establish cryptocurrency funds. The ETF, set to be traded on the CBOE BZX Exchange, aims to offer investors access to XRP, currently the fourth-largest cryptocurrency by market cap, through secure storage provided by Coinbase Custody. Meanwhile, the SEC has postponed decisions on numerous crypto ETF applications, including those for Bitcoin, Ethereum, and various XRP-based funds, extending the review period until May 2025 for some.
This delay reflects the SEC's cautious approach in integrating crypto into conventional financial systems, particularly evident in the ongoing scrutiny of ETF proposals from Franklin Templeton and other notable firms like Grayscale and Bitwise. Analyst forecasts currently give XRP ETFs a 65% chance of approval by 2025, which could significantly impact the cryptocurrency's market position and investor interest. Despite regulatory hurdles, XRP's value surged by 8% following the ETF filings, hinting at robust market optimism. As the SEC continues to shape the future of crypto investment through these regulatory evaluations, stakeholders remain attentive to any developments that could influence the broader financial landscape.
Read more
>> SEC Defers Decisions on Dogecoin, Litecoin, Solana, and XRP ETFs Amid Regulatory Scrutiny
The US Securities and Exchange Commission (SEC) has yet again deferred its decision on the approval of exchange-traded funds (ETFs) for cryptocurrencies including Dogecoin, Litecoin, Solana, and XRP. The regula...
40 minutes ago
>> FIU Approves Coinbase for Crypto Operations in India: A Strategic Re-entry
Coinbase has officially registered with India's Financial Intelligence Unit (FIU), signaling its return to the Indian market after a two-year hiatus. This move is part of Coinbase’s broader strategy to expand i...
>> Sony and Bitcoin Innovate as Line Introduces Blockchain Mini-Apps to Millions
Line, Japan's leading social media platform, has teamed up with Sony's Soneium blockchain to deploy blockchain-based mini-apps for its vast user base of 200 million. This initiative is designed to enhance user ...
2 hours ago
>> SEC Delays Impact Bitcoin's Surge as Market Eyes $82K Amid Legislative Support
Bitcoin recently surged to $82,000 spurred by SEC's delayed decisions on ETFs for major cryptocurrencies like XRP, Dogecoin, and Litecoin, coupled with legislative moves by Senator Cynthia Lummis. Her re-introd...
2 hours ago
>> Crypto Regulation and Innovation: The Future of Cryptocurrency in Nigeria
Nigeria's engagement with cryptocurrency is at the forefront of economic transformation and digital innovation. As one of the leading countries in terms of crypto adoption globally, Nigeria sees this not just a...
>> Bitcoin's Prospective Rebound Influenced by Central Bank Policies, Predicts Arthur Hayes
Arthur Hayes, the co-founder of BitMEX, has recently explored the potential future of Bitcoin, predicting significant market movements influenced by central bank actions. Hayes points out that Bitcoin's price c...
4 hours ago
>> SEC Delays on Crypto ETFs: A Closer Look at the Ripple Case and Market Impact
The U.S. Securities and Exchange Commission (SEC) has again postponed decisions on various crypto spot ETFs, including those based on XRP, Solana, Litecoin, and Dogecoin, with a new decision deadline set for Ma...
4 hours ago
>> EU Scrutiny Intensifies as OKX Faces Allegations of Misuse in Bybit Hack, Reports Bloomberg
European regulators are closely examining OKX following claims that its Web3 platforms were used to launder about $100 million stolen from Bybit. The investigation was sparked by reports that North Korea's Laza...
>> South Korea Grapples with Crypto Corruption: Flood Relief Funds Misused
A South Korean civil servant has been implicated in a scandal involving the embezzlement of 497.16 million Korean won ($342,000) from public funds, including flood relief donations, which were redirected to per...
>> US Treasury Boosts Bitcoin and Crypto Holdings, A Step Towards Enhancing Financial Prospects
The US Treasury, under the direction of the recently appointed "crypto czar" David Sacks, is setting its sights on bolstering the value of cryptocurrencies such as Bitcoin and XRP, which are part of its digital...
7 hours ago
All the latest crypto news in one place
Stay informed and up-to-date on the market's latest news with our Terminal's News Aggregator with curated news articles and analysis from over 50 sources, including the crypto's biggest publications.
Launch Terminal
