XRP News: Franklin Templeton Files XRP ETF Proposal, Analysts Predict High Approval Odds for Crypto ETFs

A major development in the crypto ETF space has emerged as Franklin Templeton, a traditional finance giant, has submitted a proposal for an XRP ETF to the SEC. Read on to find out more about this and the predictions for the approval of various crypto ETFs by the end of the year.

TradFi Giant Franklin Templeton Joins XRP ETF Fray

Franklin Templeton has submitted an XRP ETF proposal to the SEC, marking the first filing from a traditional finance giant. Crypto and ETF investors are eagerly waiting to see what type of spot crypto product the new-look securities regulator could allow next. Bloomberg Intelligence analysts predict that litecoin ETFs have the highest odds (90%) of being approved by the end of the year, ahead of Dogecoin (75%), solana (70%), and XRP products (65%). The lower odds for XRP were due to the SEC’s lawsuit against Ripple, which hasn’t yet been dropped.

XRP Price Surges as Franklin Templeton Joins ETF Race

XRP has seen a significant 3.6% price increase after Franklin Templeton applied for a spot XRP ETF. The asset manager, with $1.5 trillion in investments, joins 16 other institutions seeking approval for XRP-based ETFs, indicating growing institutional interest in the cryptocurrency. This development has triggered positive market reactions, pushing XRP prices up.

Ripple and SEC Finalizing Settlement Terms, XRP Sees Price Surge

The U.S. Securities and Exchange Commission (SEC) and Ripple Labs are preparing to finalize settlement terms in their prolonged legal dispute. Multiple insider sources indicate ongoing negotiations which might lead to a legal resolution. Following rumors of an imminent resolution, XRP’s price jumped approximately 3%, moving from $2.14 to $2.24 in under an hour. The digital asset is currently trading at $2.23, reflecting market Optimism regarding a potential settlement.

XRP News Today: Ripple Gains Green Light for Crypto Payments in Dubai

Ripple has secured approval from the Dubai Financial Services Authority (DFSA) to offer regulated crypto payments in the Dubai International Finance Centre (DIFC). This makes Ripple the first blockchain-powered payments provider licensed by the DFSA, marking a major step in its expansion into the Middle East. Dubai, with its crypto-friendly rules, is becoming attractive for big companies looking to expand their crypto operations.