#XRPETF Franklin Templeton's XRP ETF Filing: Franklin Templeton has filed for a spot XRP ETF in the US, becoming the ninth firm to do so. This ETF aims to track XRP's price performance, with Coinbase Custody Trust handling the cryptocurrency storage.

Grayscale's XRP Trust Conversion: Grayscale Investments has filed to convert its $16.1 million XRP trust into an ETF, which could make XRP investing more accessible to mainstream investors.

SEC Acknowledgment: The Securities and Exchange Commission (SEC) has acknowledged Grayscale's filing, indicating a potential shift towards more crypto-friendly policies.

Potential Approval and Market Impact

Approval Chances: Bloomberg analysts predict a 65% chance of XRP ETF approval. If approved, it could signal the end of the SEC's case against Ripple and boost XRP's adoption.

Price Prediction: XRP's price could rally to $3.15 if it validates a rounded bottom pattern and technical indicators flip bullish.

Companies Involved in XRP ETF Filings

Bitwise: Filed for an XRP ETF on October 2, 2024.

Canary Capital: Filed for an XRP ETF on October 8, 2024.

21Shares: Filed for an XRP ETF in late 2024.

WisdomTree: Filed for an XRP ETF in late 2024.

ProShares: Filed for several XRP ETF products on January 17, 2025.

CoinShares: Filed for an XRP ETF in January 2025.

Volatility Shares: Filed for three XRP ETF products on March 7, 2025.