Franklin Templeton has taken a significant step towards launching a new XRP-based ETF, potentially accelerating the adoption of digital assets by traditional financial institutions.
Franklin Templeton Takes Step Toward XRP ETF
The 19b-4 filing is a crucial phase in the process of bringing an ETF to market. It signifies Franklin Templeton's intent to offer an investment product allowing investors to gain exposure to XRP, the cryptocurrency associated with Ripple, without having to purchase or store it themselves.
More About XRP ETF
XRP has faced its share of regulatory challenges and legal battles with the U.S. SEC. However, the 19b-4 filing with Franklin Templeton implies a belief that an XRP-based ETF could become more accessible to mainstream investors.
Other XRP ETF Filings
As of March 13, 2025, nine major financial firms have filed for XRP ETFs, including Bitwise, Canary Capital, and 21Shares. Other notable filings include WisdomTree ETF and several offerings from ProShares.
The launch of an XRP-based ETF may stimulate broader adoption of cryptocurrencies among traditional financial institutions and investors.
