Franklin Templeton Joins the XRP ETF Frenzy – Who’s Next? 🤔

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It seems that Franklin Templeton, one of the financial world’s largest asset managers (you know, the kind with more money than a small country), has decided to dive into the crypto pool with an ETF designed to track the spot price of Ripple’s XRP. This is, of course, no small feat. If you were hoping for an afternoon nap, well, brace yourself. The asset manager filed a preliminary prospectus with the Securities and Exchange Commission (SEC) on March 11, 2025. What a day to be alive!

But wait, there’s more! This filing is just the latest in a growing list of ETF applications for altcoins. These asset managers are clearly hoping that the SEC will adopt a kinder, gentler approach now that the Trump administration is just a distant memory. A dream, really. 💤

— Brad Garlinghouse (@bgarlinghouse) March 11, 2025

17 XRP ETF Filings and Counting! 🚀

Franklin’s ETF is destined to list on the Cboe BZX Exchange, and guess who gets to be the custodian of the fund’s XRP holdings? Why, none other than Coinbase, of course. Just your average Tuesday in the world of finance. To top it all off, Franklin has also filed for a Solana (SOL) ETF in February. So, why stop at just one token? The more the merrier, right?

But hold on, because we’re just getting started. On March 7, Volatility Shares took things up a notch by filing not one, not two, but THREE XRP ETF applications. Yes, you heard that right. One for a straight spot fund, one for a 2x leveraged XRP fund, and one for a -1x XRP ETF. Because why not throw in some volatility for fun?

this is far from over.

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2025-03-12 10:05