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.
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