2025-3-14 21:00 |
This move positions the firm among a growing list of financial institutions seeking regulatory approval to launch a spot XRP exchange-traded fund (ETF).
The proposed Franklin XRP Trust aims to provide investors with direct exposure to Ripple’s XRP, tracking the price of XRP without requiring them to hold the digital asset directly. If approved, the ETF will be listed on the Cboe BZX Exchange, with Coinbase Custody serving as the fund’s custodian.
“The Fund seeks to reflect generally the performance of the price of XRP before payment of the Fund’s expenses,” the filing states.
Franklin Templeton filed an S-1 with the SEC to seek approval for an XRP ETF. Source: SEC/GOV
Franklin Templeton joins other asset managers such as Grayscale, WisdomTree, Bitwise, 21Shares, and Canary Capital, all of whom are awaiting regulatory decisions on their own XRP ETF proposals.
SEC Delays Decision on XRP ETFsIn a parallel development, the SEC announced that it would postpone its decision on the Grayscale and Canary XRP ETF applications. According to a statement by SEC Assistant Secretary Sherry Haywood, the regulator requires additional time to review the filings and assess the implications of approving an XRP-based investment product.
The SEC delays decisions on multiple crypto ETFs, with the next update due April 4, 2025. Source: Crypto Tale via X
“The Commission finds it appropriate to designate a longer period within which to take action… so that it has sufficient time to consider the proposed rule change and the issues raised therein,” Haywood explained.
The revised deadline for a decision on these filings has been set for May 21, 2025. Given the SEC’s history of delaying crypto-related ETF approvals, market participants remain cautious about predicting when a final ruling might arrive.
Market Reacts as XRP Price Gains MomentumFollowing the ETF filing, the XRP price (XRP USD) saw a modest surge, trading at $2.17, up 3.51% in the last 24 hours. This follows a broader cryptocurrency market recovery, with investors showing renewed interest in Ripple cryptocurrency as institutional adoption grows.
The XRP price rebounded from $2 and is currently holding above the $2.15 minor support level. Source: XRP Liquid Index (XRPLX) via Brave New Coin
Analysts remain optimistic about XRP price predictions, citing increased institutional demand and the potential approval of spot XRP ETFs as key catalysts. The entry of a major player like Franklin Templeton could further bolster market confidence in Ripple’s XRP ledger as a legitimate investment asset.
WATCH XRP PRICE PREDICTION ANALYSIS
Ripple Lawsuit Nears Resolution—Key Deadlines Approaching
Meanwhile, the ongoing Ripple lawsuit against the SEC is a worry for XRP investors. Legal professionals expect that enormous action can be witnessed prior to April 16, 2025, when Ripple would submit its appellate brief.
The SEC v. Ripple case may see a resolution or major update before Ripple’s April 16, 2025, filing deadline. Source: Fred Rispoli via X
Attorney Fred Rispoli has suggested that a settlement will be achieved by September, perpetuating speculation on a potential settlement. There has not been any official deadline, but the direction of the SEC Ripple case has the potential to dramatically impact the Ripple market and regulatory strategy regarding crypto assets.
Ripple CEO Brad Garlinghouse has also commented previously that he is certain that the company will emerge victorious, with clarity of regulation as the secret to the future of digital assets. If there were a favorable resolution to the case, this could have the effect of opening wider institutional acceptance of Ripple exchange products and further solidifying trust in Ripple.
What’s Next for XRP and Institutional Adoption?With the regulation of XRP ETFs and the Ripple lawsuit likely to settle in the near term, the coming months could be pivotal for Ripple crypto investors. Franklin Templeton and other asset managers receiving approval would be a turning point if institutions take part.
While that is happening, investors and traders are closely observing the Ripple price in USD, with some monitoring significant resistance points as they decide if they should buy or sell XRP anticipating what lies ahead.
As regulatory clarity improves and Bank of America-Ripple collaborations grow, XRP’s role in global finance can expand, solidifying its position as a leading dollar alternative in the new digital economy.
origin »Ripple (XRP) на Currencies.ru
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