XRP News: Franklin Templeton Files for XRP ETF, Targeting Spot Price Tracking

Franklin Templeton, a renowned investment giant, has made a significant move in the cryptocurrency space by filing for a Franklin XRP ETF. Here’s a closer look at the key details and potential implications of this filing.

Franklin Templeton Files Preliminary Application for XRP ETF

Investment giant Franklin Templeton has filed for a Franklin XRP ETF, aiming to track the spot price of XRP minus fees. Assets will be held via Coinbase Custody, and shares will trade on the Cboe BZX Exchange. Authorized participants will create/redeem shares in blocks using cash converted to XRP via a third-party. Shareholders won’t benefit from XRP Ledger forks or airdrops. The SEC has up to 240 days to approve or deny the filing, potentially late 2025. Franklin joins Bitwise, 21Shares, and others in the XRP ETF race, betting on a crypto-friendly shift. XRP is up 4.2% in the past 24 hours.

Ripple VS SEC Lawsuit: Will the Outcome Boost XRP’s Future and Crypto ETFs?

The long-running legal battle between Ripple and the SEC is entering its final phase. The crypto community eagerly awaits the outcome, with several possibilities including the SEC withdrawing its appeal under potential new leadership in 2025, leaving Ripple with a $125 million fine and a permanent injunction on institutional XRP sales. This would provide some clarity but still limit Ripple’s operations.

XRP Blockchain Welcomes XRPTurbo AI Launchpad

The XRP market stands at a critical juncture with increased volatility. While investors grapple with price predictions, a new trend is emerging: AI-powered solutions built on the XRP Ledger (XRPL). At the forefront is XRPTurbo, a launchpad leveraging artificial intelligence to unlock new opportunities for the Ripple ecosystem. Investors and whales are betting big amidst Ripple price uncertainty.

XRP Down 16%: Smart Money Moving To Skyren DAO’s Yield Farming Strategies

XRP has fallen 16% in just a few days, pushing many investors to reconsider their portfolios. The downturn is attributed to Ripple’s SEC Case Uncertainty, where investors remain cautious about Ripple’s future regulatory status, Large Whale Sell-Offs as on-chain data shows major XRP holders moving millions of tokens to exchanges, and the Broader Market Downturn where Bitcoin and Ethereum have wiped out billions in value, intensifying liquidation events.