Franklin Templeton presented the S-1 to the United States Securities and Stock Exchange (SEC) for ETF on XRP.
XRP ETF: Franklin Templeton after the application on Solana
Franklin TempletonDirector of Assets, He has presented S-1 form with the US Securities and Stock Exchange Committee (SEC) For ETF version on XRP.
Franklin exchange box, which tracks Ripple (XRP). It will be included in the CBOE BZX exchange.
This new request comes from the asset manager after last month. It was submitted Its suggestion to SEC to launch ETF at Solana (SOL), Which includes stokeing activities.
As happened with ETF on Sol, also with ETF on XRP, the company has chosen as the guardian of the stock box on the stock exchange.
Not only that, Franklin Templeton I have already announced also EZPZ launch, its ETF index. It is ETF that provides simultaneous exposure to Bitcoin (BTC) and ETHEREUM (ETH).
The asset manager already runs EZBC, Franklin Bitcoin Etf, EZET, and Franklin Ethereum ETF.
ETF on XRP: Ripple between the encryption that was nominated by Trump for the strategic reserve of the United States of America
The choice of Ripple by Franklin Templeton for the new ETF comes on XRP, after the American SEC continues to admit different requests.
In reality, With the current Trump administration leadership in the United States of America, the Supreme Education Council has completely changed its approach to encrypted currencies.
in case Xrp etfsand The Supreme Education Council had confessed to requests from WisdomtreeBitWise, 21shares, Canary Capital, and NYSE Arca.
Last month, the banking giant Jpmorgan This is mentioned In the coming months All these requests will be accepted and thus ETFS will be launched on XRP on American exchanges.
Not only that, in these weeks, XRP was also discussed because the same president of the United States of America, Donald Trump, would have included encryption between the chosen for the country’s strategic reserve.
In fact, on March 2, Trump He would have shared a post on the truth as it was announced The new executive order to create a strategic encryption reserve for the United States of America. At the same time, Trump wrote that this reserve It should include Ripple (XRP), Solana (Sol), Cardano (ADA), as well as Bitcoin (BTC) and Ethereum (ETH).
Ripple (xrp) price
It seems that news of the new application of XRP ETF by Franklin Templeton has been welcomed and appreciated by investors.
The price of XRP in the +3.5 % pump compared to 24 hours but is still in a dump by -11 % compared to seven days.
At the time of writing this report, The XRP value is $ 2.15, Away from ATH from $ 3.25 registered in mid -January this year.
At the same time, XRP remains higher than the $ 2 sign, the price that for years was Mirage for encryption, especially because of an endless lawsuit against the Securities and Stock Exchange in the United States of America.
