Franklin Templeton Files For Spot XRP ETF

Franklin Templeton, a financial services company with $1.6 trillion of assets under management, has officially filed a registration statement with the U.S. Securities and Exchange Commission for a spot XRP exchange-traded fund (ETF).

Financial services company Franklin Templeton, boasting $1.6 trillion in assets under management, has taken a significant step toward launching an exchange-traded fund (ETF) to trade spot XRP.

The company has officially filed a registration statement with the U.S. Securities and Exchange Commission (SEC).

This move closely follows Franklin Templeton's registration of a trust in Delaware, specifically tied to a proposed spot XRP ETF, which was reported by The Block in February.

The investment firm is among several issuers aiming to introduce crypto products in anticipation of policy shifts under the new Trump administration.

The firm’s proposed fund would legitimize XRP as a mainstream investment vehicle, offering a regulated option for exposure to the native token of Ripple’s XRP Ledger blockchain network.

According to the Tuesday filing, the XRP ETF will be listed on the CBOE BZX Exchange.

If approved, Coinbase Custody will serve as the custodian for the fund’s XRP holdings, while CSC Delaware Trust Company will act as the trustee.

Meanwhile, the SEC has already formally accepted a handful of filings for XRP ETFs in recent weeks — a development that comes as the agency prepares for a busy year in reviewing institutional capital applications.

The approval of these XRP ETF filings could unlock massive institutional capital, amplifying demand for the cross-border payments token and pushing its price higher.

At press time, XRP was trading at $2.20, showing a 6% increase in the last 24 hours.

The filing follows similar moves by other asset managers, including Bitwise, WisdomTree, Canary Capital, 21Shares, Grayscale, all submitting XRP ETF proposals — injecting optimism into the market.

Last year, Ripple Labs CEO Brad Garlinghouse described the approval of U.S.-listed XRP ETFs as “inevitable,” highlighting the surging demand from both institutional and retail investors.

President Trump’s reelection is seen by many as a huge boon for XRP. Under former SEC chair Gary Gensler, the cryptocurrency’s regulatory status was largely challenged as the securities watchdog pursued a lawsuit against Ripple over XRP sales.

The case, now facing an appeal from the SEC and a cross-appeal from Ripple, included a court decision that the XRP cryptocurrency was not a security when sold to retail investors via exchanges.

The SEC has yet to withdraw its Ripple suit despite recently abandoning similar, high-profile actions against companies like Coinbase, Robinhood, and Kraken.