The traditional finance giant Franklin Templeton unveiled its ambitions on the XRP by submitting its ETF request to the Securities and Exchange Commission (SEC). We take stock.
Franklin Templeton makes his request for an XRP ETF
In the Crypto ETF, Ripple's XRP is one of the most anticipated by part of the community. Thus, several asset managers have already submitted their file to the Securities and Exchange Commission (SEC), such as Grayscale, Bitwise or Wisdomtree in particular.
Tuesday, Franklin Templeton followed the movement, presenting its S-1 form for the Franklin XRP ETF.
On the technical side, Coinbase would be given custody of assets, while the fund would be listed at the CBOE BZX Exchange.
While morale is at half mast in the cryptocurrency market, the news still has allowed the XRP price to appreciate. When writing these lines, the asset is exchanged at 2.16 dollars, up 3.4 % in 24 hours.
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With $ 1,580 billion in management on January 31, Franklin Templeton is the 15th largest fund manager in the world. On the Crypto subject, the company already offers ETF EZBC on Bitcoin (BTC), with $ 448 million in management assets, as well as ETF Ezet for Ethereum (ETH), with $ 23.27 million.
In terms of approval probabilities in 2025, Bloomberg James Seyffart and Eric Balchunas analysts estimated those of ETF XRP at 65 %, highlighting the fact that the dry and Ripple should first end their legal battle.
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Since 2021, I have devoted my free time to seriously train myself on cryptocurrencies in order to acquire maximum knowledge and credibility. I often have the opportunity to carry out interviews with influential personalities from the blockchain industry. I also conduct in -depth analyzes on web3 themes to offer exclusive content to cryptoast readers.
Vincent Mayor
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