Franklin Templeton submits XRP ETF application
According to Nate Geraci, president of The ETF Store, Franklin Templeton, with over $1.5 trillion in assets under management, has officially joined the XRP ETF competition.
Based on the preliminary prospectus submitted on March 11th, Franklin XRP Trust will issue shares of the Franklin XRP ETF fund. This ETF will primarily hold XRP kept by a custodian on behalf of the fund and aims to reflect the overall performance of XRP's price.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Tether suspends bitcoin mining in Uruguay due to rising energy costs, laying off 30 local employees
WLFI: BNB Ecosystem USD1 Zero-Fee Promotion Extended Until December 31
Bitwise BSOL Solana ETF increased its holdings by 93,167 SOL in the past hour
CoinMarketCap launches MACD dashboard, supporting comparison of momentum indicators for multiple cryptocurrencies
Trending news
MoreCrypto prices
More
