Franklin Templeton’s XRP ETF filingOne of the primary catalysts behind today’s XRP price surge is Franklin Templeton’s filing of an XRP ETF in the United States.🔥 JUST IN: Franklin XRP Trust Files S-1 With the SEC for an XRP ETF on Cboe BZX.pic.twitter.com/B6oo3e5k0d— Cointelegraph (@Cointelegraph) March 11, 2025Key takeaways:On March 11, California-based asset manager Franklin Templeton filed an S-1 registration form with the US Securities and Exchange Commission (SEC) to launch a spot XRP ETF. Franklin Templeton is a major global asset manager with $1.5 trillion in assets under management.
Source: PolymarketIf approved, it would boost XRP’s credibility and could draw billions of dollars in capital inflows, according to JP Morgan. Despite the SEC delaying decisions on other XRP ETF applications, such as those from Grayscale and Canary Capital, until May 2025, Franklin Templeton’s entry—given its size and reputation—has boosted market confidence, contributing to XRP’s price rebound.
The news has fueled speculation of major capital inflows that could push XRP price into double digits. “Franklin Templeton has filed the 17th XRP ETF, which alone has $1.53 trillion USD under their asset management,” said pseudonymous XRP analyst Dark Defender in a March 12 post on X.“Just imagine when all are approved.
or
Share This Story
Article Details
Author / Journalist: Cointelegraph by Nancy Lubale
