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Jakarta, Pintu News – Franklin Templeton, one of the leading asset managers, recently filed an S-1 form with the US Securities and Exchange Commission (SEC) to offer a Ripple XRP->Current XRP PriceRp 0Market Cap-Trading Volume-Circulating Supply- ETF.
The move marks the latest attempt by the company to expand its portfolio of financial products based on crypto assets. This filing comes not long after they filed for the Solana ETF SOL->Current SOL PriceRp 0Market Cap-Trading Volume-Circulating Supply- and offered their existing Bitcoin BTC->Current BTC PriceRp 0Market Cap-Trading Volume-Circulating Supply- and Ethereum ETH->Current ETH PriceRp 0Market Cap-Trading Volume-Circulating Supply- ETFs.
On March 11, 2025, Franklin Templeton has officially filed an S-1 registration form with the US Securities and Exchange Commission (SEC) to launch an XRP-based ETF. This filing follows an earlier move in February 2025, where Franklin had registered the Franklin XRP Trust in Delaware.
Read also: VanEck proposes Avalanche ETF! Will AVAX Price Recover?
With this move, Franklin Templeton joins several other asset managers such as Bitwise, Grayscale, Canary Capital, and WisdomTree, who have also submitted their XRP ETF proposals to the SEC.
If approved, the ETF will be listed on the CBOE BZX Exchange and allow investors to gain exposure to XRP, which is currently the fourth largest crypto asset by market capitalization.
In its filing document, Franklin Templeton revealed that:
Franklin Holdings will be the main sponsor of the ETF and has committed to cover most of its operational costs in exchange for a sponsorship fee.
Although the SEC has approved Bitcoin (BTC) and Ethereum (ETH) based ETFs, XRP is still in a regulatory gray zone.
The SEC and Ripple Labs are still engaged in a legal dispute regarding the legal status of XRP, where the SEC alleges XRP to be an unregistered security.
However, the SEC has officially recognized many XRP ETF filings, including from Grayscale on February 14, 2025, which started the 240-day review process.
With more entities applying for an XRP ETF, the chances of approval could increase, although there is still uncertainty regarding the final outcome of the Ripple vs SEC trial.
News of the XRP ETF filing triggered an 8% price surge in the first 24 hours (11/3/25), with the current price at $2.19.
Read also: Alert! Pi Network Indicator Signals PI Could Plunge Below $1 This March!
CasiTrades crypto analysts stated that XRP is currently still maintaining a strong support zone at $2.04, with the next resistance levels being at $2.25 and $2.70.
If the SEC eventually approves this ETF, XRP could experience a significant price spike just like Bitcoin did after the launch of the Bitcoin Spot ETF in early 2025.
However, if approval is delayed or there is a negative ruling in the Ripple vs SEC case, the XRP price could experience strong selling pressure.
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