#XRPETFs

XRP ETF: these are the funds awaiting SEC approval so far

On March 11, Franklin Templeton became the ninth firm to apply for an XRP ETF, although giants like BlackRock have yet to join the race.

The U.S. asset manager Franklin Templeton has entered the growing race for XRP exchange-traded funds (ETFs)

becoming the latest company to submit a spot XRP ETF in the United States.

Franklin Templeton's XRP ETF (XRP) is designed to track the price performance of XRP, with XRP holdings stored in Coinbase Custody Trust, according to an official filing with the U.S. Securities and Exchange Commission on March 11.

On the same day, the SEC postponed decisions on multiple cryptocurrency ETF filings, including Grayscale's proposal to convert its XRP Trust into an ETF.

Despite the growing frenzy of XRP ETF filings, BlackRock—the issuer of the largest spot Bitcoin ETF—has not yet submitted an application for an XRP-based product.

Who has applied for an XRP ETF in the U.S.?

As of March 12, nine companies have filed XRP-based ETF products in the U.S., including major issuers like Bitwise, ProShares, 21Shares, and others.

Bitwise, one of the largest crypto fund managers in the world, was the first company to file an S-1 form for an XRP ETF on October 2, 2024.