Franklin Templeton’s XRP ETF Application Awaits SEC Approval

Franklin Templeton has submitted a new application to the SEC for its proposed spot XRP ETF, awaiting final approval. While no official listing has been granted yet by the NYSE, the updated S-1 filing signifies expedited regulatory review and a significant move towards market launch. The filing designates Coinbase Custody as the custodian and CSC Delaware Trust Company as the trustee, while shortening the 8(a) clause to expedite the SEC’s process. This announcement saw XRP’s price rise by 4.2% in anticipation of increased institutional investment.