Franklin Templeton joins race to market spot XRP ETF
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: SeekingAlpha
Updated: Mar 12 2025Franklin Templeton's ETF Filing: Franklin Templeton has filed for a spot exchange-traded fund (ETF) to track the price of cryptocurrency XRP, with Coinbase acting as the custodian for the fund's holdings. The application is pending approval from the SEC and could take up to 240 days for a decision.
Market Reaction: Following the news, XRP saw a 3.6% increase in value, reaching $2.19 per coin, which has reduced its year-to-date loss to 6%.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
