The investment giant, Franklin Templeton, joins an increasing scrum of suppliers of financial assets, hoping to offer a fund (ETF) negotiated on the XRP stock market to the general public.
On Tuesday, the company asked for an FNB Franklin XRP, aimed at following the cash price of XRP minus the costs, where the assets are held by the Coinbase Guard.
The actions will be negotiated on the CBOE BZX exchange, with authorized participants creating them / exchanging blocks using cash, converted to XRP via a third party. The shareholders will not benefit from the forks or the Airdrops of Ledger XRP.
The preliminary classification, the SEC therefore has up to 240 days – potentially at the end of 2025 – to approve or refuse it. Franklin joins Bitwise, 21Shares and others in the XRP ETF race, betting on a friendly quarter of work.
XRP increased 4.2% in the last 24 hours, in accordance with a broader market resumption.
