Franklin Templeton Seeks Approval for XRP ETF, Signaling Institutional Interest

Investment giant Franklin Templeton has filed an amended application with the U.S. Securities and Exchange Commission (SEC) for a spot XRP exchange-traded fund (ETF). This move signifies a potential breakthrough in institutional adoption of XRP and broader crypto investment products. 💰 The filing follows the SEC’s approval of Bitcoin spot ETFs, paving the way for similar applications to be considered for other assets like XRP. 📈 A successful application would provide regulated access to XRP for investors who previously faced hurdles in directly investing. This move is expected to unlock substantial institutional capital for XRP and enhance its legitimacy and public perception.